XML Schema Documentation

Super-types:	Product < FxOptionLeg (by extension) < FxBarrierOption (by extension)
Sub-types:	None

Name	FxBarrierOption
Used by (from the same schema document)	Element fxBarrierOption
Abstract	no
Documentation	A type that describes an option with a put/call component, but also one or more associated barrier rates. If the market rate moves to reach a barrier rate a trigger event occurs. The trigger event may for example be necessary to enable the option, or may annul the option contract. [Since the barriers reduce the probability of exercise, the premium for an option with barriers is likely to be cheaper than one without].

XML Instance Representation

<...
id=" xsd:ID [0..1]">

<productType> ProductType </productType> [0..*]

'A classification of the type of product. FpML defines a simple product categorization using a coding scheme.'

<productId> ProductId </productId> [0..*]

'A product reference identifier allocated by a party. FpML does not define the domain values associated with this element. Note that the domain values for this element are not strictly an enumerated list.'

<buyerPartyReference> PartyOrTradeSideReference </buyerPartyReference> [1]

'A reference to the party that buys this instrument, ie. pays for this instrument and receives the rights defined by it. See 2000 ISDA definitions Article 11.1 (b). In the case of FRAs this the fixed rate payer.'

<sellerPartyReference> PartyOrTradeSideReference </sellerPartyReference> [1]

'A reference to the party that sells (\"writes\") this instrument, i.e. that grants the rights defined by this instrument and in return receives a payment for it. See 2000 ISDA definitions Article 11.1 (a). In the case of FRAs this is the floating rate payer.'

<expiryDateTime> ExpiryDateTime </expiryDateTime> [1]

'The date and time in a location of the option expiry. In the case of american options this is the latest possible expiry date and time.'

<exerciseStyle> ExerciseStyleEnum </exerciseStyle> [1]

'The manner in which the option can be exercised.'

<fxOptionPremium> FxOptionPremium </fxOptionPremium> [0..*]

'Premium amount or premium installment amount for an option.'

<valueDate> xsd:date </valueDate> [1]

'The date on which both currencies traded will settle.'

<cashSettlementTerms> FxCashSettlement </cashSettlementTerms> [0..1]

'This optional element is only used if an option has been specified at execution time to be settled into a single cash payment. This would be used for a non-deliverable option.'

<putCurrencyAmount> Money </putCurrencyAmount> [1]

'The currency amount that the option gives the right to sell.'

<callCurrencyAmount> Money </callCurrencyAmount> [1]

'The currency amount that the option gives the right to buy.'

<fxStrikePrice> FxStrikePrice </fxStrikePrice> [1]

'TBA'

<quotedAs> QuotedAs </quotedAs> [0..1]

'Describes how the option was quoted.'

<spotRate> xsd:decimal </spotRate> [0..1]

'An optional element used for FX forwards and certain types of FX OTC options. For deals consumated in the FX Forwards Market, this represents the current market rate for a particular currency pair. For barrier and digital/binary options, it can be useful to include the spot rate at the time the option was executed to make it easier to know whether the option needs to move \"up\" or \"down\" to be triggered.'

<fxBarrier> FxBarrier </fxBarrier> [1..*]

'Information about a barrier rate in a Barrier Option - specifying the exact criteria for a trigger event to occur.'

<triggerPayout> FxOptionPayout </triggerPayout> [0..1]

'The amount of currency which becomes payable if and when a trigger event occurs.'

</...>

Generated by <oXygen/> XML Editor using a modified version of xs3p that adds schema diagrams and chunking support.

Complex Type: FxBarrierOption

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