A simple product typology, focused on identifing the type of financial instrument, without characterizing its features.
productTypeSimpleScheme
1-3
http://www.fpml.org/coding-scheme/product-type-simple
http://www.fpml.org/coding-scheme/product-type-simple-1-3
http://www.fpml.org/coding-scheme/product-type-simple-1-3.xml
Code
63
Source
Description
key
InterestRateSwap
FpML
A swap agreement which consists in swapping interest rate streams, whatever the type of interest rate references that are being used (i.e. float vs. float swaps, also known as basis swaps, are included in this category).
AssetSwap
FpML
A swap agreement where one leg mimics the return of the underlying asset. No transfer of asset takes place (sometimes the sale of the bond is included in the “asset swap construct”).
InflationSwap
FpML
A swap agreement where one leg references an inflation index while the other one will typically reference a variable interest rate.
CrossCurrencySwap
FpML
An interest rate swap agreement which interest streams are denominated in different currencies.
CreditDefaultSwap
FpML
A swap agreement in which one party pays a periodic fee in return for a contingent payment by the other other party following a credit event on a reference entity, a specific reference obligation or a basket of such reference names.
TotalReturnSwap
FpML
A swap agreement in which one party transfers the economic performance of a reference asset to the other party, typically in the exchange of the financing cost of this asset.
VarianceSwap
FpML
A financial derivative instrument whose price is a function of the variance of the price of the underlyer.
CapFloor
FpML
A contract that guarantees either a maximum (cap) or a minimum (floor) level of a variable inrerest rate reference.
FRA
FpML
Forward Rate Agreement, corresponding to an agreement between parties regarding the level of a variable interest rate at a future date.
FxForward
FpML
An agreement between two parties regarding the future value of a currency exchange rate.
FxSwap
FpML
A financial instrument that corresponds to the combination of an FX spot and an FX forward transactions.
EquityOption
FpML
A contract that gives the buyer of the option the right to exercise it into the equity underlyer (or its cash equivalent) under specified conditions.
BondOption
FpML
A contract that gives the buyer of the option the right to exercise it into the bond underlyer (or its cash equivalent) under specified conditions.
FxOption
FpML
A contract that gives the buyer of the option the right to exercise it into the FX underlyer (or its cash equivalent) under specified conditions.
FxSpot
FpML
A foreign exchange deal that consists of a bilateral contract between a party delivering a certain amount of a currency against receiving a certain amount of another currency from a second counterparty, based on an agreed exchange rate.
FxOptionStrategy
FpML
A transaction consisting of several component transactions, at least one of which is a foreign exchange option transaction.
BulletPayment
FpML
A single known payment between two parties.
CreditDefaultIndex
FpML
A swap agreement in which one party pays a periodic fee in return for a contingent payment by the other party following a credit event on an Index of credit entities.
CreditDefaultIndexTranche
FpML
A swap agreement in which one party pays a periodic fee in return for a contingent payment by the other party following a credit event on a Tranche of an Index of credit entities.
CreditDefaultBasket
FpML
A swap agreement in which one party pays a periodic fee in return for a contingent payment by the other party following a credit event on a basket of credit entities.
CreditDefaultBasketTranche
FpML
A swap agreement in which one party pays a periodic fee in return for a contingent payment by the other party following a credit event on a Tranche of an Index of a basket of credit entities.
CreditDefaultOption
FpML
An option to buy protection (payer option) or sell protection (receiver option) as a credit default swap on a specific reference credit with a specific maturity.
EquityForward
FpML
A contract between two parties regarding the future value of the equity underlyer (or its cash equivalent).
InterestRateSwaption
FpML
An option to enter into an interest rate swap.
TermDeposit
FpML
The simple commoditized term deposit that is typically a trade with a tenor of 1-year or less with no interim interest payments.
DividendSwap
FpML
TBD
ConvertibleBondOption
FpML
An option contract in which the underlying asset is a convertible bond.
CommoditySwap
FpML
A swap agreement in which the payout to at least one counterparty is based on the price of a commodity or the level of a commodity index.
CommodityOption
FpML
An option on a commodity.
BullionForward
FpML
An agreement between two parties to exchange at some fixed future date a given quantity of bullion for a price defined today.