Indicates a type of option contained in a complex OTC derivative contract. 2012-05-11 optionTypeScheme 1-0 http://www.fpml.org/coding-scheme/option-type http://www.fpml.org/coding-scheme/option-type-1-0 http://www.fpml.org/coding-scheme/option-type-1-0.xml Code 63 Source Description key Call FpML The right but not the obligation to buy an asset on predefined terms. The asset may in turn be based on other assets, for example a spread on prices. Cap FpML The right to receive payments when a rate exceeds a specified level Chooser FpML An option in which the option holder has the right to choose which type of option (e.g. a put or a call) the option will be. Collar FpML The right to receive payments based on the amount by which a rate or a price exceeds a specified level coupled with the obligation to make payments if the rate or price is under a (possibly different) level. Floor FpML The right to receive payments when a rate is under a specified level Other FpML An option type not otherwise categorizable PayFixed FpML The right but not the obligation to enter a swap transaction in which the option holder would pay a fixed rate or price. (Also known as a "Payer" swaption, or "RTP"=Right to Pay swaption.) Put FpML The right but not the obligation to sell an asset on predefined terms. The asset may in turn be based on other assets, for example a spread on prices. ReceiveFixed FpML The right but not the obligation to enter a swap transaction in which the option holder would receive a fixed rate or price. (Also known as a "Receiver" swaption, or "RTR"=Right to Receive swaption.) Straddle FpML The right to receive payments based on the amount by which a rate or a price exceeds a specified level or is under a (possibly different) level