Definitions
In plain terms
A global index can contain constituents measured in many local currencies and later convert them into one base currency.
Technical
The field must distinguish trading, price, denomination, and settlement currency and identify the exact series and market context.
Scope
Local currency is not always the issuer's home-country currency or the instrument's denomination currency.
Examples
- A governed methodology records local currency with its source, cutoff, units, parameters, and effective version.
Common misconceptions
- Local Currency does not have one universal implementation without the declared methodology, data basis, and constraints.
Concept relationships
Contrasts with
Where this concept is used
Evidence and governance
- FTSE Currency Hedging Methodology Overview FTSE Russell, London Stock Exchange Group · first party methodology
Supports: preferred label, short definition, technical definition
Limits: Production rates, holidays, currencies, tenors, and calculation details require the full applicable methodology and data licenses.
- Fintech Builder Glossary Definition Contract The Fintech Builder · internal governed contract
Supports: variant distinction
Limits: Defines governed platform behavior rather than claiming these policies are universally prescribed by external McClellan methodology.
- Reviewed by
- fintech-builder-batch-004
- Last reviewed
- 2026-07-27
- Next review
- 2027-07-27
- Record status
- evidence reviewed
This record is evidence-reviewed and readable, but not yet promoted to published — it is served noindex,follow and excluded from the sitemap.