Underlying asset is a term used in derivatives trading, such as with options.

标的资产是衍生品交易中使用的一个术语，比如期权。

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Currency rate fluctuations can adversely affect the underlying asset value, also affecting the ETF price.

货币兑换率的波动可对相关资产的价值造成负面影响，连带影响结构性产品的价格。

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The futures contracts outstanding must be settled by delivery of the underlying asset or by cash on the last trading day.

合约的最后交易日必须以现货、金融工具、或根据期货合约的协议作结算。

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If we think of options, then the delta is a measure of movement relatuve to the underlying asset movement.

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It would also provide shorting opportunities without having to own the underlying asset.

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Vega measures the amount of movement in the option for a 1% move in the volatility of the underlying asset.

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