---

Contents

Global Elements

averageRateObservationDate

averageRateObservationSchedule

averageRateQuoteBasis

averageRateWeightingFactor

baseCurrency

callCurrencyAmount

cashSettlementTerms

confirmationSenderPartyReference

currency1

currency1SideRate

currency1ValueDate

currency2

currency2SideRate

currency2ValueDate

cutName

exchangedCurrency1

exchangedCurrency2

exchangeRate

exerciseStyle

expiryDate

expiryDateTime

expiryTime

faceOnCurrency

fixing

fixingDate

forwardPoints

fxAmericanTrigger

fxAverageRateOption

fxBarrier

fxBarrierOption

fxBarrierType

fxDigitalOption

fxEuropeanTrigger

fxOptionPremium

fxSimpleOption

fxSingleLeg

fxStrikePrice

fxSwap

initialPayerReference

initialReceiverReference

interest

maturityDate

nonDeliverableForward

observationDate

observationEndDate

observationStartDate

observedRates

optionOnCurrency

payoutCurrency

payoutFormula

payoutStyle

premiumAmount

premiumQuote

premiumQuoteBasis

premiumSettlementDate

premiumValue

primaryRateSource

principal

putCurrencyAmount

quoteBasis

quotedAs

quotedCurrencyPair

quotedTenor

secondaryRateSource

sideRateBasis

sideRates

spotRate

strikeQuoteBasis

termDeposit

touchCondition

triggerCondition

triggerPayout

triggerRate

valueDate

Global Complex Types

ExpiryDateTime

FXAmericanTrigger

FXAverageRateObservationDate

FXAverageRateObservationSchedule

FXAverageRateOption

FXBarrier

FXBarrierOption

FXCashSettlement

FXDigitalOption

FXEuropeanTrigger

FXFixing

FXLeg

FXOptionLeg

FXOptionPayout

FXOptionPremium

FXRate

FXStrikePrice

FXSwap

ObservedRates

PremiumQuote

QuotedAs

QuotedCurrencyPair

SideRate

SideRates

TermDeposit

Global Simple Types

CutName

ExerciseStyle

FxBarrierType

Payout

PremiumQuoteBasis

QuoteBasis

SideRateBasis

StrikeQuoteBasis

TouchCondition

TriggerCondition

---

Global Elements

averageRateObservationDate

Description:

One of more specific rate observation dates.

Figure:

Contents:

Element averageRateObservationDate is defined by the complex type FXAverageRateObservationDate

Used by:

• FXAverageRateOption

Substituted by:

Schema Fragment:

<xsd:element name="averageRateObservationDate" type="FXAverageRateObservationDate">
  <xsd:annotation>
    <xsd:documentation xml:lang="en">
      One of more specific rate observation dates.
    </xsd:documentation>
  </xsd:annotation>
</xsd:element>

---

averageRateObservationSchedule

Description:

Parametric schedule of rate observations.

Figure:

Contents:

Element averageRateObservationSchedule is defined by the complex type FXAverageRateObservationSchedule

Used by:

• FXAverageRateOption

Substituted by:

Schema Fragment:

<xsd:element name="averageRateObservationSchedule" type="FXAverageRateObservationSchedule">
  <xsd:annotation>
    <xsd:documentation xml:lang="en">
      Parametric schedule of rate observations.
    </xsd:documentation>
  </xsd:annotation>
</xsd:element>

---

averageRateQuoteBasis

Description:

The method by which the average rate that is being observed is quoted.

Figure:

Contents:

Inherited element(s): (This definition inherits the content defined by the type StrikeQuoteBasis)

Used by:

• FXAverageRateOption

Substituted by:

Schema Fragment:

<xsd:element name="averageRateQuoteBasis">
  <xsd:annotation>
    <xsd:documentation xml:lang="en">
      The method by which the average rate that is being observed is
      quoted.
    </xsd:documentation>
  </xsd:annotation>
  <xsd:complexType>
    <xsd:simpleContent>
      <xsd:extension base="StrikeQuoteBasis">
        <xsd:attribute name="strikeQuoteBasisScheme" type="xsd:normalizedString"/>
      </xsd:extension>
    </xsd:simpleContent>
  </xsd:complexType>
</xsd:element>

---

averageRateWeightingFactor

Description:

An optional factor that can be used for weighting certain observation dates. Typically, firms will weight each date with a factor of 1 if there are standard, unweighted adjustments.

Figure:

Contents:

Element averageRateWeightingFactor is defined by the simple type xsd:decimal

Used by:

• FXAverageRateObservationDate

Substituted by:

Schema Fragment:

<xsd:element name="averageRateWeightingFactor" type="xsd:decimal">
  <xsd:annotation>
    <xsd:documentation xml:lang="en">
      An optional factor that can be used for weighting certain
      observation dates. Typically, firms will weight each date with a
      factor of 1 if there are standard, unweighted adjustments.
    </xsd:documentation>
  </xsd:annotation>
</xsd:element>

---

baseCurrency

Description:

The currency that is used as the basis for the side rates when calculating a cross rate.

Figure:

Contents:

Inherited element(s): (This definition inherits the content defined by the type Currency)

Used by:

• SideRates

Substituted by:

Schema Fragment:

<xsd:element name="baseCurrency">
  <xsd:annotation>
    <xsd:documentation xml:lang="en">
      The currency that is used as the basis for the side rates when
      calculating a cross rate.
    </xsd:documentation>
  </xsd:annotation>
  <xsd:complexType>
    <xsd:simpleContent>
      <xsd:extension base="Currency">
        <xsd:attribute name="currencyScheme" type="xsd:normalizedString"/>
      </xsd:extension>
    </xsd:simpleContent>
  </xsd:complexType>
</xsd:element>

---

callCurrencyAmount

Description:

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

Figure:

Contents:

Element callCurrencyAmount is defined by the complex type Money

Used by:

• FXAverageRateOption
• FXOptionLeg

Substituted by:

Schema Fragment:

<xsd:element name="callCurrencyAmount" type="Money">
  <xsd:annotation>
    <xsd:documentation xml:lang="en">
      The currency amount that the option gives the right to buy.
    </xsd:documentation>
  </xsd:annotation>
</xsd:element>

---

cashSettlementTerms

Description:

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.

Figure:

Contents:

Element cashSettlementTerms is defined by the complex type FXCashSettlement

Used by:

• FXOptionLeg

Substituted by:

Schema Fragment:

<xsd:element name="cashSettlementTerms" type="FXCashSettlement">
  <xsd:annotation>
    <xsd:documentation xml:lang="en">
      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.
    </xsd:documentation>
  </xsd:annotation>
</xsd:element>

---

confirmationSenderPartyReference

Description:

The party that is sending the current document as a confirmation of the trade.

Figure:

Contents:

Used by:

• FXLeg

Substituted by:

Schema Fragment:

<xsd:element name="confirmationSenderPartyReference">
  <xsd:annotation>
    <xsd:documentation xml:lang="en">
      The party that is sending the current document as a confirmation
      of the trade.
    </xsd:documentation>
  </xsd:annotation>
  <xsd:complexType>
    <xsd:attribute name="href" use="required" type="xsd:IDREF"/>
  </xsd:complexType>
</xsd:element>

---

currency1

Description:

The first currency specified when a pair of currencies is to be evaluated.

Figure:

Contents:

Inherited element(s): (This definition inherits the content defined by the type Currency)

Used by:

• QuotedCurrencyPair

Substituted by:

Schema Fragment:

<xsd:element name="currency1">
  <xsd:annotation>
    <xsd:documentation xml:lang="en">
      The first currency specified when a pair of currencies is to be
      evaluated.
    </xsd:documentation>
  </xsd:annotation>
  <xsd:complexType>
    <xsd:simpleContent>
      <xsd:extension base="Currency">
        <xsd:attribute name="currencyScheme" type="xsd:normalizedString"/>
      </xsd:extension>
    </xsd:simpleContent>
  </xsd:complexType>
</xsd:element>

---

currency1SideRate

Description:

The exchange rate for the first currency of the trade against base currency.

Figure:

Contents:

Element currency1SideRate is defined by the complex type SideRate

Used by:

• SideRates

Substituted by:

Schema Fragment:

<xsd:element name="currency1SideRate" type="SideRate">
  <xsd:annotation>
    <xsd:documentation xml:lang="en">
      The exchange rate for the first currency of the trade against
      base currency.
    </xsd:documentation>
  </xsd:annotation>
</xsd:element>

---

currency1ValueDate

Description:

The date on which the currency1 amount will be settled. To be used in a split value date scenario.

Figure:

Contents:

Element currency1ValueDate is defined by the simple type xsd:date

Used by:

• FXLeg

Substituted by:

Schema Fragment:

<xsd:element name="currency1ValueDate" type="xsd:date">
  <xsd:annotation>
    <xsd:documentation xml:lang="en">
      The date on which the currency1 amount will be settled. To be
      used in a split value date scenario.
    </xsd:documentation>
  </xsd:annotation>
</xsd:element>

---

currency2

Description:

The second currency specified when a pair of currencies is to be evaluated.

Figure:

Contents:

Inherited element(s): (This definition inherits the content defined by the type Currency)

Used by:

• QuotedCurrencyPair

Substituted by:

Schema Fragment:

<xsd:element name="currency2">
  <xsd:annotation>
    <xsd:documentation xml:lang="en">
      The second currency specified when a pair of currencies is to be
      evaluated.
    </xsd:documentation>
  </xsd:annotation>
  <xsd:complexType>
    <xsd:simpleContent>
      <xsd:extension base="Currency">
        <xsd:attribute name="currencyScheme" type="xsd:normalizedString"/>
      </xsd:extension>
    </xsd:simpleContent>
  </xsd:complexType>
</xsd:element>

---

currency2SideRate

Description:

The exchange rate for the second currency of the trade against base currency.

Figure:

Contents:

Element currency2SideRate is defined by the complex type SideRate

Used by:

• SideRates

Substituted by:

Schema Fragment:

<xsd:element name="currency2SideRate" type="SideRate">
  <xsd:annotation>
    <xsd:documentation xml:lang="en">
      The exchange rate for the second currency of the trade against
      base currency.
    </xsd:documentation>
  </xsd:annotation>
</xsd:element>

---

currency2ValueDate

Description:

The date on which the currency2 amount will be settled. To be used in a split value date scenario.

Figure:

Contents:

Element currency2ValueDate is defined by the simple type xsd:date

Used by:

• FXLeg

Substituted by:

Schema Fragment:

<xsd:element name="currency2ValueDate" type="xsd:date">
  <xsd:annotation>
    <xsd:documentation xml:lang="en">
      The date on which the currency2 amount will be settled. To be
      used in a split value date scenario.
    </xsd:documentation>
  </xsd:annotation>
</xsd:element>

---

cutName

Description:

Allows for an expiryDateTime cut to be described by name.

Figure:

Contents:

Inherited element(s): (This definition inherits the content defined by the type CutName)

Used by:

• ExpiryDateTime

Substituted by:

Schema Fragment:

<xsd:element name="cutName">
  <xsd:annotation>
    <xsd:documentation xml:lang="en">
      Allows for an expiryDateTime cut to be described by name.
    </xsd:documentation>
  </xsd:annotation>
  <xsd:complexType>
    <xsd:simpleContent>
      <xsd:extension base="CutName">
        <xsd:attribute name="cutNameScheme" type="xsd:normalizedString"/>
      </xsd:extension>
    </xsd:simpleContent>
  </xsd:complexType>
</xsd:element>

---

exchangedCurrency1

Description:

This is the first of the two currency flows that define a single leg of a standard foreign exchange transaction.

Figure:

Contents:

Element exchangedCurrency1 is defined by the complex type Payment

Used by:

• FXLeg

Substituted by:

Schema Fragment:

<xsd:element name="exchangedCurrency1" type="Payment">
  <xsd:annotation>
    <xsd:documentation xml:lang="en">
      This is the first of the two currency flows that define a single
      leg of a standard foreign exchange transaction.
    </xsd:documentation>
  </xsd:annotation>
</xsd:element>

---

exchangedCurrency2

Description:

This is the second of the two currency flows that define a single leg of a standard foreign exchange transaction.

Figure:

Contents:

Element exchangedCurrency2 is defined by the complex type Payment

Used by:

• FXLeg

Substituted by:

Schema Fragment:

<xsd:element name="exchangedCurrency2" type="Payment">
  <xsd:annotation>
    <xsd:documentation xml:lang="en">
      This is the second of the two currency flows that define a single
      leg of a standard foreign exchange transaction.
    </xsd:documentation>
  </xsd:annotation>
</xsd:element>

---

exchangeRate

Description:

The rate of exchange between the two currencies.

Figure:

Contents:

Element exchangeRate is defined by the complex type FXRate

Used by:

• FXLeg

Substituted by:

Schema Fragment:

<xsd:element name="exchangeRate" type="FXRate">
  <xsd:annotation>
    <xsd:documentation xml:lang="en">
      The rate of exchange between the two currencies.
    </xsd:documentation>
  </xsd:annotation>
</xsd:element>

---

exerciseStyle

Description:

The manner in which the option can be exercised.

Figure:

Contents:

Inherited element(s): (This definition inherits the content defined by the type ExerciseStyle)

Used by:

• FXAverageRateOption
• FXOptionLeg

Substituted by:

Schema Fragment:

<xsd:element name="exerciseStyle">
  <xsd:annotation>
    <xsd:documentation xml:lang="en">
      The manner in which the option can be exercised.
    </xsd:documentation>
  </xsd:annotation>
  <xsd:complexType>
    <xsd:simpleContent>
      <xsd:extension base="ExerciseStyle">
        <xsd:attribute name="exerciseStyleScheme" type="xsd:normalizedString"/>
      </xsd:extension>
    </xsd:simpleContent>
  </xsd:complexType>
</xsd:element>

---

expiryDate

Description:

Represents a standard expiry date as defined for an FX OTC option.

Figure:

Contents:

Element expiryDate is defined by the simple type xsd:date

Used by:

• ExpiryDateTime

Substituted by:

Schema Fragment:

<xsd:element name="expiryDate" type="xsd:date">
  <xsd:annotation>
    <xsd:documentation xml:lang="en">
      Represents a standard expiry date as defined for an FX OTC
      option.
    </xsd:documentation>
  </xsd:annotation>
</xsd:element>

---

expiryDateTime

Description:

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.

Figure:

Contents:

Element expiryDateTime is defined by the complex type ExpiryDateTime

Used by:

• FXAverageRateOption
• FXDigitalOption
• FXOptionLeg

Substituted by:

Schema Fragment:

<xsd:element name="expiryDateTime" type="ExpiryDateTime">
  <xsd:annotation>
    <xsd:documentation xml:lang="en">
      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.
    </xsd:documentation>
  </xsd:annotation>
</xsd:element>

---

expiryTime

Description:

Figure:

Contents:

Element expiryTime is defined by the complex type BusinessCenterTime

Used by:

• ExpiryDateTime

Substituted by:

Schema Fragment:

<xsd:element name="expiryTime" type="BusinessCenterTime"/>

---

faceOnCurrency

Description:

Either the callCurrencyAmount or the putCurrencyAmount defined elsewhere in the document.The currency reference denotes the face currency as the option was quoted (as opposed to the option currency).

Figure:

Contents:

Inherited element(s): (This definition inherits the content defined by the type Currency)

Used by:

• QuotedAs

Substituted by:

Schema Fragment:

<xsd:element name="faceOnCurrency">
  <xsd:annotation>
    <xsd:documentation xml:lang="en">
      Either the callCurrencyAmount or the putCurrencyAmount defined
      elsewhere in the document.The currency reference denotes the face
      currency as the option was quoted (as opposed to the option
      currency).
    </xsd:documentation>
  </xsd:annotation>
  <xsd:complexType>
    <xsd:simpleContent>
      <xsd:extension base="Currency">
        <xsd:attribute name="currencyScheme" type="xsd:normalizedString"/>
      </xsd:extension>
    </xsd:simpleContent>
  </xsd:complexType>
</xsd:element>

---

fixing

Description:

Specifies the source for and timing of a fixing of an exchange rate. This is used in the agreement of non-deliverable forward trades as well as various types of FX OTC options that require observations against a particular rate.

Figure:

Contents:

Element fixing is defined by the complex type FXFixing

Used by:

• FXCashSettlement

Substituted by:

Schema Fragment:

<xsd:element name="fixing" type="FXFixing">
  <xsd:annotation>
    <xsd:documentation xml:lang="en">
      Specifies the source for and timing of a fixing of an exchange
      rate. This is used in the agreement of non-deliverable forward
      trades as well as various types of FX OTC options that require
      observations against a particular rate.
    </xsd:documentation>
  </xsd:annotation>
</xsd:element>

---

fixingDate

Description:

Describes the specific date when a non-deliverable forward or non-deliverable option will "fix" against a particular rate, which will be used to compute the ultimate cash settlement.

Figure:

Contents:

Element fixingDate is defined by the simple type xsd:date

Used by:

• FXFixing

Substituted by:

Schema Fragment:

<xsd:element name="fixingDate" type="xsd:date">
  <xsd:annotation>
    <xsd:documentation xml:lang="en">
      Describes the specific date when a non-deliverable forward or
      non-deliverable option will "fix" against a particular rate,
      which will be used to compute the ultimate cash settlement.
    </xsd:documentation>
  </xsd:annotation>
</xsd:element>

---

forwardPoints

Description:

An optional element used for deals consumated in the FX Forwards market. Forward points represent the interest rate differential between the two currencies traded and are quoted as a preminum or a discount. Forward points are added to, or subtracted from, the spot rate to create the rate of the forward trade.

Figure:

Contents:

Element forwardPoints is defined by the simple type xsd:decimal

Used by:

• FXRate
• SideRate

Substituted by:

Schema Fragment:

<xsd:element name="forwardPoints" type="xsd:decimal">
  <xsd:annotation>
    <xsd:documentation xml:lang="en">
      An optional element used for deals consumated in the FX Forwards
      market. Forward points represent the interest rate differential
      between the two currencies traded and are quoted as a preminum or
      a discount. Forward points are added to, or subtracted from, the
      spot rate to create the rate of the forward trade.
    </xsd:documentation>
  </xsd:annotation>
</xsd:element>

---

fxAmericanTrigger

Description:

An American trigger occurs if the trigger criteria are met at any time from the initiation to the maturity of the option.

Figure:

Contents:

Element fxAmericanTrigger is defined by the complex type FXAmericanTrigger

Used by:

• FXDigitalOption

Substituted by:

Schema Fragment:

<xsd:element name="fxAmericanTrigger" type="FXAmericanTrigger">
  <xsd:annotation>
    <xsd:documentation xml:lang="en">
      An American trigger occurs if the trigger criteria are met at any
      time from the initiation to the maturity of the option.
    </xsd:documentation>
  </xsd:annotation>
</xsd:element>

---

fxAverageRateOption

Description:

A component describing an FX Average Rate Option product.

Figure:

Contents:

Element fxAverageRateOption is defined by the complex type FXAverageRateOption

Used by:

Substituted by:

Schema Fragment:

<xsd:element name="fxAverageRateOption" type="FXAverageRateOption" substitutionGroup="product">
  <xsd:annotation>
    <xsd:documentation xml:lang="en">
      A component describing an FX Average Rate Option product.
    </xsd:documentation>
  </xsd:annotation>
</xsd:element>

---

fxBarrier

Description:

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

Figure:

Contents:

Element fxBarrier is defined by the complex type FXBarrier

Used by:

• FXBarrierOption

Substituted by:

Schema Fragment:

<xsd:element name="fxBarrier" type="FXBarrier">
  <xsd:annotation>
    <xsd:documentation xml:lang="en">
      Information about a barrier rate in a Barrier Option - specifying
      the exact criteria for a trigger event to occur.
    </xsd:documentation>
  </xsd:annotation>
</xsd:element>

---

fxBarrierOption

Description:

A component describing a FX Barrier Option product.

Figure:

Contents:

Element fxBarrierOption is defined by the complex type FXBarrierOption

Used by:

Substituted by:

Schema Fragment:

<xsd:element name="fxBarrierOption" type="FXBarrierOption" substitutionGroup="product">
  <xsd:annotation>
    <xsd:documentation xml:lang="en">
      A component describing a FX Barrier Option product.
    </xsd:documentation>
  </xsd:annotation>
</xsd:element>

---

fxBarrierType

Description:

This specifies whether the option becomes effective ("knock-in") or is annulled ("knock-out") when the respective trigger event occurs.

Figure:

Contents:

Inherited element(s): (This definition inherits the content defined by the type FxBarrierType)

Used by:

• FXBarrier

Substituted by:

Schema Fragment:

<xsd:element name="fxBarrierType">
  <xsd:annotation>
    <xsd:documentation xml:lang="en">
      This specifies whether the option becomes effective ("knock-in")
      or is annulled ("knock-out") when the respective trigger event
      occurs.
    </xsd:documentation>
  </xsd:annotation>
  <xsd:complexType>
    <xsd:simpleContent>
      <xsd:extension base="FxBarrierType">
        <xsd:attribute name="fxBarrierTypeScheme" type="xsd:normalizedString"/>
      </xsd:extension>
    </xsd:simpleContent>
  </xsd:complexType>
</xsd:element>

---

fxDigitalOption

Description:

A component describing a FX Digital Option product.

Figure:

Contents:

Element fxDigitalOption is defined by the complex type FXDigitalOption

Used by:

Substituted by:

Schema Fragment:

<xsd:element name="fxDigitalOption" type="FXDigitalOption" substitutionGroup="product">
  <xsd:annotation>
    <xsd:documentation xml:lang="en">
      A component describing a FX Digital Option product.
    </xsd:documentation>
  </xsd:annotation>
</xsd:element>

---

fxEuropeanTrigger

Description:

A European trigger occurs if the trigger criteria are met, but these are valid (and an observation is made) only at the maturity of the option.

Figure:

Contents:

Element fxEuropeanTrigger is defined by the complex type FXEuropeanTrigger

Used by:

• FXDigitalOption

Substituted by:

Schema Fragment:

<xsd:element name="fxEuropeanTrigger" type="FXEuropeanTrigger">
  <xsd:annotation>
    <xsd:documentation xml:lang="en">
      A European trigger occurs if the trigger criteria are met, but
      these are valid (and an observation is made) only at the maturity
      of the option.
    </xsd:documentation>
  </xsd:annotation>
</xsd:element>

---

fxOptionPremium

Description:

Premium amount or premium installment amount for an option.

Figure:

Contents:

Element fxOptionPremium is defined by the complex type FXOptionPremium

Used by:

• FXAverageRateOption
• FXDigitalOption
• FXOptionLeg

Substituted by:

Schema Fragment:

<xsd:element name="fxOptionPremium" type="FXOptionPremium">
  <xsd:annotation>
    <xsd:documentation xml:lang="en">
      Premium amount or premium installment amount for an option.
    </xsd:documentation>
  </xsd:annotation>
</xsd:element>

---

fxSimpleOption

Description:

A component describing a FX Simple Option product

Figure:

Contents:

Element fxSimpleOption is defined by the complex type FXOptionLeg

Used by:

Substituted by:

Schema Fragment:

<xsd:element name="fxSimpleOption" type="FXOptionLeg" substitutionGroup="product">
  <xsd:annotation>
    <xsd:documentation xml:lang="en">
      A component describing a FX Simple Option product
    </xsd:documentation>
  </xsd:annotation>
</xsd:element>

---

fxSingleLeg

Description:

A single-legged FX transaction definition (e.g., spot or forward).

Figure:

Contents:

Element fxSingleLeg is defined by the complex type FXLeg

Used by:

• FXSwap

Substituted by:

Schema Fragment:

<xsd:element name="fxSingleLeg" type="FXLeg" substitutionGroup="product">
  <xsd:annotation>
    <xsd:documentation xml:lang="en">
      A single-legged FX transaction definition (e.g., spot or
      forward).
    </xsd:documentation>
  </xsd:annotation>
</xsd:element>

---

fxStrikePrice

Description:

TBA

Figure:

Contents:

Element fxStrikePrice is defined by the complex type FXStrikePrice

Used by:

• FXAverageRateOption
• FXOptionLeg

Substituted by:

Schema Fragment:

<xsd:element name="fxStrikePrice" type="FXStrikePrice">
  <xsd:annotation>
    <xsd:documentation xml:lang="en">
      TBA
    </xsd:documentation>
  </xsd:annotation>
</xsd:element>

---

fxSwap

Description:

A component describing a FX Swap product.

Figure:

Contents:

Element fxSwap is defined by the complex type FXSwap

Used by:

Substituted by:

Schema Fragment:

<xsd:element name="fxSwap" type="FXSwap" substitutionGroup="product">
  <xsd:annotation>
    <xsd:documentation xml:lang="en">
      A component describing a FX Swap product.
    </xsd:documentation>
  </xsd:annotation>
</xsd:element>

---

initialPayerReference

Description:

Figure:

Contents:

Used by:

• TermDeposit

Substituted by:

Schema Fragment:

<xsd:element name="initialPayerReference">
  <xsd:annotation>
    <xsd:documentation>
      A pointer style reference to a part identifier defined elsewhere
      in the document. The party referenced is the payer of the initial
      principal of the deposit on the start date.
    </xsd:documentation>
  </xsd:annotation>
  <xsd:complexType>
    <xsd:attribute name="href" use="required" type="xsd:IDREF"/>
  </xsd:complexType>
</xsd:element>

---

initialReceiverReference

Description:

Figure:

Contents:

Used by:

• TermDeposit

Substituted by:

Schema Fragment:

<xsd:element name="initialReceiverReference">
  <xsd:annotation>
    <xsd:documentation>
      A pointer style reference to a party identifier defined elsewhere
      in the document. The party is the receiver of the initial
      principal of the deposit on the start date.
    </xsd:documentation>
  </xsd:annotation>
  <xsd:complexType>
    <xsd:attribute name="href" use="required" type="xsd:IDREF"/>
  </xsd:complexType>
</xsd:element>

---

interest

Description:

Figure:

Contents:

Element interest is defined by the complex type Money

Used by:

• TermDeposit

Substituted by:

Schema Fragment:

<xsd:element name="interest" type="Money">
  <xsd:annotation>
    <xsd:documentation>
      The total interest of at maturity of the trade.
    </xsd:documentation>
  </xsd:annotation>
</xsd:element>

---

maturityDate

Description:

Figure:

Contents:

Element maturityDate is defined by the simple type xsd:date

Used by:

• TermDeposit

Substituted by:

Schema Fragment:

<xsd:element name="maturityDate" type="xsd:date">
  <xsd:annotation>
    <xsd:documentation>
      The end date of the calculation period. This date should already
      be adjusted for any applicable business day convention.
    </xsd:documentation>
  </xsd:annotation>
</xsd:element>

---

nonDeliverableForward

Description:

Used to describe a particular type of FX forward transaction that is settled in a single currency.

Figure:

Contents:

Element nonDeliverableForward is defined by the complex type FXCashSettlement

Used by:

• FXLeg

Substituted by:

Schema Fragment:

<xsd:element name="nonDeliverableForward" type="FXCashSettlement">
  <xsd:annotation>
    <xsd:documentation xml:lang="en">
      Used to describe a particular type of FX forward transaction that
      is settled in a single currency.
    </xsd:documentation>
  </xsd:annotation>
</xsd:element>

---

observationDate

Description:

A specific date for which an observation against a particular rate will be made and will be used for subsequent computations.

Figure:

Contents:

Element observationDate is defined by the simple type xsd:date

Used by:

• FXAverageRateObservationDate
• ObservedRates

Substituted by:

Schema Fragment:

<xsd:element name="observationDate" type="xsd:date">
  <xsd:annotation>
    <xsd:documentation xml:lang="en">
      A specific date for which an observation against a particular
      rate will be made and will be used for subsequent computations.
    </xsd:documentation>
  </xsd:annotation>
</xsd:element>

---

observationEndDate

Description:

The end of the period over which observations are made to determine whether a trigger event has occurred.

Figure:

Contents:

Element observationEndDate is defined by the simple type xsd:date

Used by:

• FXAmericanTrigger
• FXAverageRateObservationSchedule
• FXBarrier

Substituted by:

Schema Fragment:

<xsd:element name="observationEndDate" type="xsd:date">
  <xsd:annotation>
    <xsd:documentation xml:lang="en">
      The end of the period over which observations are made to
      determine whether a trigger event has occurred.
    </xsd:documentation>
  </xsd:annotation>
</xsd:element>

---

observationStartDate

Description:

The start of the period over which observations are made to determine whether a trigger has occurred.

Figure:

Contents:

Element observationStartDate is defined by the simple type xsd:date

Used by:

• FXAmericanTrigger
• FXAverageRateObservationSchedule
• FXBarrier

Substituted by:

Schema Fragment:

<xsd:element name="observationStartDate" type="xsd:date">
  <xsd:annotation>
    <xsd:documentation xml:lang="en">
      The start of the period over which observations are made to
      determine whether a trigger has occurred.
    </xsd:documentation>
  </xsd:annotation>
</xsd:element>

---

observedRates

Description:

Describes prior rate observations within average rate options. Periodically, an average rate option agreement will be struck whereby some rates have already been observed in the past but will become part of computation of the average rate of the option. This structure provides for these previously observed rates to be included in the description of the trade.

Figure:

Contents:

Element observedRates is defined by the complex type ObservedRates

Used by:

• FXAverageRateOption

Substituted by:

Schema Fragment:

<xsd:element name="observedRates" type="ObservedRates">
  <xsd:annotation>
    <xsd:documentation xml:lang="en">
      Describes prior rate observations within average rate options.
      Periodically, an average rate option agreement will be struck
      whereby some rates have already been observed in the past but
      will become part of computation of the average rate of the
      option. This structure provides for these previously observed
      rates to be included in the description of the trade.
    </xsd:documentation>
  </xsd:annotation>
</xsd:element>

---

optionOnCurrency

Description:

Either the callCurrencyAmount or the putCurrencyAmount defined elsewhere in the document. The currency reference denotes the option currency as the option was quoted (as opposed to the face currency).

Figure:

Contents:

Inherited element(s): (This definition inherits the content defined by the type Currency)

Used by:

• QuotedAs

Substituted by:

Schema Fragment:

<xsd:element name="optionOnCurrency">
  <xsd:annotation>
    <xsd:documentation xml:lang="en">
      Either the callCurrencyAmount or the putCurrencyAmount defined
      elsewhere in the document. The currency reference denotes the
      option currency as the option was quoted (as opposed to the face
      currency).
    </xsd:documentation>
  </xsd:annotation>
  <xsd:complexType>
    <xsd:simpleContent>
      <xsd:extension base="Currency">
        <xsd:attribute name="currencyScheme" type="xsd:normalizedString"/>
      </xsd:extension>
    </xsd:simpleContent>
  </xsd:complexType>
</xsd:element>

---

payoutCurrency

Description:

The ISO code of the currency in which a payout (if any) is to be made when a trigger is hit on a digital or barrier option.

Figure:

Contents:

Inherited element(s): (This definition inherits the content defined by the type Currency)

Used by:

• FXAverageRateOption

Substituted by:

Schema Fragment:

<xsd:element name="payoutCurrency">
  <xsd:annotation>
    <xsd:documentation xml:lang="en">
      The ISO code of the currency in which a payout (if any) is to be
      made when a trigger is hit on a digital or barrier option.
    </xsd:documentation>
  </xsd:annotation>
  <xsd:complexType>
    <xsd:simpleContent>
      <xsd:extension base="Currency">
        <xsd:attribute name="currencyScheme" type="xsd:normalizedString"/>
      </xsd:extension>
    </xsd:simpleContent>
  </xsd:complexType>
</xsd:element>

---

payoutFormula

Description:

The description of the mathematical computation for how the payout is computed.

Figure:

Contents:

Element payoutFormula is defined by the simple type xsd:string

Used by:

• FXAverageRateOption

Substituted by:

Schema Fragment:

<xsd:element name="payoutFormula" type="xsd:string">
  <xsd:annotation>
    <xsd:documentation xml:lang="en">
      The description of the mathematical computation for how the
      payout is computed.
    </xsd:documentation>
  </xsd:annotation>
</xsd:element>

---

payoutStyle

Description:

The trigger event and payout may be asynchonous. A payout may become due on the trigger event, or the payout may (by agreeement at initiation) be deferred (for example) to the maturity date.

Figure:

Contents:

Inherited element(s): (This definition inherits the content defined by the type Payout)

Used by:

• FXOptionPayout

Substituted by:

Schema Fragment:

<xsd:element name="payoutStyle">
  <xsd:annotation>
    <xsd:documentation xml:lang="en">
      The trigger event and payout may be asynchonous. A payout may
      become due on the trigger event, or the payout may (by agreeement
      at initiation) be deferred (for example) to the maturity date.
    </xsd:documentation>
  </xsd:annotation>
  <xsd:complexType>
    <xsd:simpleContent>
      <xsd:extension base="Payout">
        <xsd:attribute name="payoutScheme" type="xsd:normalizedString"/>
      </xsd:extension>
    </xsd:simpleContent>
  </xsd:complexType>
</xsd:element>

---

premiumAmount

Description:

The specific currency and amount of the option premium.

Figure:

Contents:

Element premiumAmount is defined by the complex type Money

Used by:

• FXOptionPremium

Substituted by:

Schema Fragment:

<xsd:element name="premiumAmount" type="Money">
  <xsd:annotation>
    <xsd:documentation xml:lang="en">
      The specific currency and amount of the option premium.
    </xsd:documentation>
  </xsd:annotation>
</xsd:element>

---

premiumQuote

Description:

This is the option premium as quoted. It is expected to be consistent with the premiumAmount and is for information only.

Figure:

Contents:

Element premiumQuote is defined by the complex type PremiumQuote

Used by:

• FXOptionPremium

Substituted by:

Schema Fragment:

<xsd:element name="premiumQuote" type="PremiumQuote">
  <xsd:annotation>
    <xsd:documentation xml:lang="en">
      This is the option premium as quoted. It is expected to be
      consistent with the premiumAmount and is for information only.
    </xsd:documentation>
  </xsd:annotation>
</xsd:element>

---

premiumQuoteBasis

Description:

The method by which the option premium was quoted.

Figure:

Contents:

Inherited element(s): (This definition inherits the content defined by the type PremiumQuoteBasis)

Used by:

• PremiumQuote

Substituted by:

Schema Fragment:

<xsd:element name="premiumQuoteBasis">
  <xsd:annotation>
    <xsd:documentation xml:lang="en">
      The method by which the option premium was quoted.
    </xsd:documentation>
  </xsd:annotation>
  <xsd:complexType>
    <xsd:simpleContent>
      <xsd:extension base="PremiumQuoteBasis">
        <xsd:attribute name="premiumQuoteBasisScheme" type="xsd:normalizedString"/>
      </xsd:extension>
    </xsd:simpleContent>
  </xsd:complexType>
</xsd:element>

---

premiumSettlementDate

Description:

The agreed-upon date when the option premium will be settled.

Figure:

Contents:

Element premiumSettlementDate is defined by the simple type xsd:date

Used by:

• FXOptionPremium

Substituted by:

Schema Fragment:

<xsd:element name="premiumSettlementDate" type="xsd:date">
  <xsd:annotation>
    <xsd:documentation xml:lang="en">
      The agreed-upon date when the option premium will be settled.
    </xsd:documentation>
  </xsd:annotation>
</xsd:element>

---

premiumValue

Description:

The value of the premium quote. In general this will be either a percentage or an explicit amount.

Figure:

Contents:

Element premiumValue is defined by the simple type xsd:decimal

Used by:

• PremiumQuote

Substituted by:

Schema Fragment:

<xsd:element name="premiumValue" type="xsd:decimal">
  <xsd:annotation>
    <xsd:documentation xml:lang="en">
      The value of the premium quote. In general this will be either a
      percentage or an explicit amount.
    </xsd:documentation>
  </xsd:annotation>
</xsd:element>

---

primaryRateSource

Description:

The primary source for where the rate observation will occur. Will typically be either a page or a reference bank published rate.

Figure:

Contents:

Element primaryRateSource is defined by the complex type InformationSource

Used by:

• FXAverageRateOption
• FxDetermination
• FXFixing

Substituted by:

Schema Fragment:

<xsd:element name="primaryRateSource" type="InformationSource">
  <xsd:annotation>
    <xsd:documentation xml:lang="en">
      The primary source for where the rate observation will occur.
      Will typically be either a page or a reference bank published
      rate.
    </xsd:documentation>
  </xsd:annotation>
</xsd:element>

---

principal

Description:

Figure:

Contents:

Element principal is defined by the complex type Money

Used by:

• TermDeposit

Substituted by:

Schema Fragment:

<xsd:element name="principal" type="Money">
  <xsd:annotation>
    <xsd:documentation>
      The principal amount of the trade.
    </xsd:documentation>
  </xsd:annotation>
</xsd:element>

---

putCurrencyAmount

Description:

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

Figure:

Contents:

Element putCurrencyAmount is defined by the complex type Money

Used by:

• FXAverageRateOption
• FXOptionLeg

Substituted by:

Schema Fragment:

<xsd:element name="putCurrencyAmount" type="Money">
  <xsd:annotation>
    <xsd:documentation xml:lang="en">
      The currency amount that the option gives the right to sell.
    </xsd:documentation>
  </xsd:annotation>
</xsd:element>

---

quoteBasis

Description:

The method by which the exchange rate is quoted.

Figure:

Contents:

Inherited element(s): (This definition inherits the content defined by the type QuoteBasis)

Used by:

• QuotedCurrencyPair

Substituted by:

Schema Fragment:

<xsd:element name="quoteBasis">
  <xsd:annotation>
    <xsd:documentation xml:lang="en">
      The method by which the exchange rate is quoted.
    </xsd:documentation>
  </xsd:annotation>
  <xsd:complexType>
    <xsd:simpleContent>
      <xsd:extension base="QuoteBasis">
        <xsd:attribute name="quoteBasisScheme" type="xsd:normalizedString"/>
      </xsd:extension>
    </xsd:simpleContent>
  </xsd:complexType>
</xsd:element>

---

quotedAs

Description:

Describes how the option was quoted.

Figure:

Contents:

Element quotedAs is defined by the complex type QuotedAs

Used by:

• FXOptionLeg

Substituted by:

Schema Fragment:

<xsd:element name="quotedAs" type="QuotedAs">
  <xsd:annotation>
    <xsd:documentation xml:lang="en">
      Describes how the option was quoted.
    </xsd:documentation>
  </xsd:annotation>
</xsd:element>

---

quotedCurrencyPair

Description:

Defines the two currencies for an FX trade and the quotation relationship between the two currencies.

Figure:

Contents:

Element quotedCurrencyPair is defined by the complex type QuotedCurrencyPair

Used by:

• FXAmericanTrigger
• FXBarrier
• FXDigitalOption
• FXEuropeanTrigger
• FXFixing
• FxRate
• FXRate

Substituted by:

Schema Fragment:

<xsd:element name="quotedCurrencyPair" type="QuotedCurrencyPair">
  <xsd:annotation>
    <xsd:documentation xml:lang="en">
      Defines the two currencies for an FX trade and the quotation
      relationship between the two currencies.
    </xsd:documentation>
  </xsd:annotation>
</xsd:element>

---

quotedTenor

Description:

Code denoting the tenor of the option leg.

Figure:

Contents:

Element quotedTenor is defined by the complex type Interval

Used by:

• QuotedAs

Substituted by:

Schema Fragment:

<xsd:element name="quotedTenor" type="Interval">
  <xsd:annotation>
    <xsd:documentation xml:lang="en">
      Code denoting the tenor of the option leg.
    </xsd:documentation>
  </xsd:annotation>
</xsd:element>

---

secondaryRateSource

Description:

An alternative, or secondary, source for where the rate observation will occur. Will typically be either a page or a reference bank published rate.

Figure:

Contents:

Element secondaryRateSource is defined by the complex type InformationSource

Used by:

• FXAverageRateOption
• FxDetermination
• FXFixing

Substituted by:

Schema Fragment:

<xsd:element name="secondaryRateSource" type="InformationSource">
  <xsd:annotation>
    <xsd:documentation xml:lang="en">
      An alternative, or secondary, source for where the rate
      observation will occur. Will typically be either a page or a
      reference bank published rate.
    </xsd:documentation>
  </xsd:annotation>
</xsd:element>

---

sideRateBasis

Description:

The method by which the exchange rate against base currency is quoted.

Figure:

Contents:

Inherited element(s): (This definition inherits the content defined by the type SideRateBasis)

Used by:

• SideRate

Substituted by:

Schema Fragment:

<xsd:element name="sideRateBasis">
  <xsd:annotation>
    <xsd:documentation xml:lang="en">
      The method by which the exchange rate against base currency is
      quoted.
    </xsd:documentation>
  </xsd:annotation>
  <xsd:complexType>
    <xsd:simpleContent>
      <xsd:extension base="SideRateBasis">
        <xsd:attribute name="sideRateBasisScheme" type="xsd:normalizedString"/>
      </xsd:extension>
    </xsd:simpleContent>
  </xsd:complexType>
</xsd:element>

---

sideRates

Description:

An optional element that allow for definition of rates against base currency for non-base currency FX contracts.

Figure:

Contents:

Element sideRates is defined by the complex type SideRates

Used by:

• FXRate

Substituted by:

Schema Fragment:

<xsd:element name="sideRates" type="SideRates">
  <xsd:annotation>
    <xsd:documentation xml:lang="en">
      An optional element that allow for definition of rates against
      base currency for non-base currency FX contracts.
    </xsd:documentation>
  </xsd:annotation>
</xsd:element>

---

spotRate

Description:

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.

Figure:

Contents:

Element spotRate is defined by the simple type xsd:decimal

Used by:

• FXAverageRateOption
• FXBarrierOption
• FXDigitalOption
• FXRate
• SideRate

Substituted by:

Schema Fragment:

<xsd:element name="spotRate" type="xsd:decimal">
  <xsd:annotation>
    <xsd:documentation xml:lang="en">
      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.
    </xsd:documentation>
  </xsd:annotation>
</xsd:element>

---

strikeQuoteBasis

Description:

The method by which the strike rate is quoted.

Figure:

Contents:

Inherited element(s): (This definition inherits the content defined by the type StrikeQuoteBasis)

Used by:

• FXStrikePrice

Substituted by:

Schema Fragment:

<xsd:element name="strikeQuoteBasis">
  <xsd:annotation>
    <xsd:documentation xml:lang="en">
      The method by which the strike rate is quoted.
    </xsd:documentation>
  </xsd:annotation>
  <xsd:complexType>
    <xsd:simpleContent>
      <xsd:extension base="StrikeQuoteBasis">
        <xsd:attribute name="strikeQuoteBasisScheme" type="xsd:normalizedString"/>
      </xsd:extension>
    </xsd:simpleContent>
  </xsd:complexType>
</xsd:element>

---

termDeposit

Description:

Figure:

Contents:

Element termDeposit is defined by the complex type TermDeposit

Used by:

Substituted by:

Schema Fragment:

<xsd:element name="termDeposit" type="TermDeposit" substitutionGroup="product">
  <xsd:annotation>
    <xsd:documentation>
      A term deposit product definition.
    </xsd:documentation>
  </xsd:annotation>
</xsd:element>

---

touchCondition

Description:

The binary condition that applies to an American-style trigger. There can only be two domain values for this element: "touch" or "no touch".

Figure:

Contents:

Inherited element(s): (This definition inherits the content defined by the type TouchCondition)

Used by:

• FXAmericanTrigger

Substituted by:

Schema Fragment:

<xsd:element name="touchCondition">
  <xsd:annotation>
    <xsd:documentation xml:lang="en">
      The binary condition that applies to an American-style trigger.
      There can only be two domain values for this element: "touch" or
      "no touch".
    </xsd:documentation>
  </xsd:annotation>
  <xsd:complexType>
    <xsd:simpleContent>
      <xsd:extension base="TouchCondition">
        <xsd:attribute name="tounchConditionScheme" type="xsd:normalizedString"/>
      </xsd:extension>
    </xsd:simpleContent>
  </xsd:complexType>
</xsd:element>

---

triggerCondition

Description:

The binary condition that applies to a European-style trigger, determining where the spot rate must be relative to the triggerRate for the option to be exercisable. There can only be two domain values for this element: "aboveTrigger" or "belowTrigger".

Figure:

Contents:

Inherited element(s): (This definition inherits the content defined by the type TriggerCondition)

Used by:

• FXEuropeanTrigger

Substituted by:

Schema Fragment:

<xsd:element name="triggerCondition">
  <xsd:annotation>
    <xsd:documentation xml:lang="en">
      The binary condition that applies to a European-style trigger,
      determining where the spot rate must be relative to the
      triggerRate for the option to be exercisable. There can only be
      two domain values for this element: "aboveTrigger" or
      "belowTrigger".
    </xsd:documentation>
  </xsd:annotation>
  <xsd:complexType>
    <xsd:simpleContent>
      <xsd:extension base="TriggerCondition">
        <xsd:attribute name="triggerConditionScheme" type="xsd:normalizedString"/>
      </xsd:extension>
    </xsd:simpleContent>
  </xsd:complexType>
</xsd:element>

---

triggerPayout

Description:

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

Figure:

Contents:

Element triggerPayout is defined by the complex type FXOptionPayout

Used by:

• FXBarrierOption
• FXDigitalOption

Substituted by:

Schema Fragment:

<xsd:element name="triggerPayout" type="FXOptionPayout">
  <xsd:annotation>
    <xsd:documentation xml:lang="en">
      The amount of currency which becomes payable if and when a
      trigger event occurs.
    </xsd:documentation>
  </xsd:annotation>
</xsd:element>

---

triggerRate

Description:

The market rate is observed relative to the trigger rate, and if it is found to be on the predefined side of (above or below) the trigger rate, a trigger event is deemed to have occurred.

Figure:

Contents:

Element triggerRate is defined by the simple type xsd:decimal

Used by:

• FXAmericanTrigger
• FXBarrier
• FXEuropeanTrigger

Substituted by:

Schema Fragment:

<xsd:element name="triggerRate" type="xsd:decimal">
  <xsd:annotation>
    <xsd:documentation xml:lang="en">
      The market rate is observed relative to the trigger rate, and if
      it is found to be on the predefined side of (above or below) the
      trigger rate, a trigger event is deemed to have occurred.
    </xsd:documentation>
  </xsd:annotation>
</xsd:element>

---

valueDate

Description:

The date on which both currencies traded will settle.

Figure:

Contents:

Element valueDate is defined by the simple type xsd:date

Used by:

• FXAverageRateOption
• FXDigitalOption
• FXLeg
• FXOptionLeg

Substituted by:

Schema Fragment:

<xsd:element name="valueDate" type="xsd:date">
  <xsd:annotation>
    <xsd:documentation xml:lang="en">
      The date on which both currencies traded will settle.
    </xsd:documentation>
  </xsd:annotation>
</xsd:element>

---

Global Complex Types

ExpiryDateTime

Description:

A type that describes 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.

Figure:

Contents:

expiryDate (exactly one occurance; of the type xsd:date)

• Represents a standard expiry date as defined for an FX OTC option.

expiryTime (exactly one occurance; of the type BusinessCenterTime)

cutName (zero or one occurance; with locally defined content)

• Allows for an expiryDateTime cut to be described by name.

Used by:

• expiryDateTime

Derived Types:

Schema Fragment:

<xsd:complexType name="ExpiryDateTime">
  <xsd:annotation>
    <xsd:documentation xml:lang="en">
      A type that describes 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.
    </xsd:documentation>
  </xsd:annotation>
  <xsd:sequence>
    <xsd:element ref="expiryDate"/>
    <xsd:element ref="expiryTime"/>
    <xsd:element ref="cutName" minOccurs="0"/>
  </xsd:sequence>
</xsd:complexType>

---

FXAmericanTrigger

Description:

A tyoe that defines a particular type of payout in an FX OTC exotic option. An American trigger occurs if the trigger criteria are met at any time from the initiation to the maturity of the option.

Figure:

Contents:

touchCondition (exactly one occurance; with locally defined content)

• The binary condition that applies to an American-style trigger. There can only be two domain values for this element: "touch" or "no touch".

quotedCurrencyPair (exactly one occurance; of the type QuotedCurrencyPair)

• Defines the two currencies for an FX trade and the quotation relationship between the two currencies.

triggerRate (exactly one occurance; of the type xsd:decimal)

• The market rate is observed relative to the trigger rate, and if it is found to be on the predefined side of (above or below) the trigger rate, a trigger event is deemed to have occurred.

informationSource (one or more occurances; of the type InformationSource)

• The information source where a published or displayed market rate will be obtained, e.g. Telerate Page 3750.

observationStartDate (zero or one occurance; of the type xsd:date)

• The start of the period over which observations are made to determine whether a trigger has occurred.

observationEndDate (zero or one occurance; of the type xsd:date)

• The end of the period over which observations are made to determine whether a trigger event has occurred.

Used by:

• fxAmericanTrigger

Derived Types:

Schema Fragment:

<xsd:complexType name="FXAmericanTrigger">
  <xsd:annotation>
    <xsd:documentation xml:lang="en">
      A tyoe that defines a particular type of payout in an FX OTC
      exotic option. An American trigger occurs if the trigger criteria
      are met at any time from the initiation to the maturity of the
      option.
    </xsd:documentation>
  </xsd:annotation>
  <xsd:sequence>
    <xsd:element ref="touchCondition"/>
    <xsd:element ref="quotedCurrencyPair"/>
    <xsd:element ref="triggerRate"/>
    <xsd:element ref="informationSource" maxOccurs="unbounded"/>
    <xsd:element ref="observationStartDate" minOccurs="0"/>
    <xsd:element ref="observationEndDate" minOccurs="0"/>
  </xsd:sequence>
</xsd:complexType>

---

FXAverageRateObservationDate

Description:

A type that, for average rate options, is used to describe each specific observation date, as opposed to a parametric frequency of rate observations.

Figure:

Contents:

observationDate (exactly one occurance; of the type xsd:date)

• A specific date for which an observation against a particular rate will be made and will be used for subsequent computations.

averageRateWeightingFactor (exactly one occurance; of the type xsd:decimal)

• An optional factor that can be used for weighting certain observation dates. Typically, firms will weight each date with a factor of 1 if there are standard, unweighted adjustments.

Used by:

• averageRateObservationDate

Derived Types:

Schema Fragment:

<xsd:complexType name="FXAverageRateObservationDate">
  <xsd:annotation>
    <xsd:documentation xml:lang="en">
      A type that, for average rate options, is used to describe each
      specific observation date, as opposed to a parametric frequency
      of rate observations.
    </xsd:documentation>
  </xsd:annotation>
  <xsd:sequence>
    <xsd:element ref="observationDate"/>
    <xsd:element ref="averageRateWeightingFactor"/>
  </xsd:sequence>
</xsd:complexType>

---

FXAverageRateObservationSchedule

Description:

A type that describes average rate options rate observations. This is used to describe a parametric frequency of rate observations against a particular rate. Typical frequencies might include daily, every Friday, etc.

Figure:

Contents:

observationStartDate (exactly one occurance; of the type xsd:date)

• The start of the period over which observations are made to determine whether a trigger has occurred.

observationEndDate (exactly one occurance; of the type xsd:date)

• The end of the period over which observations are made to determine whether a trigger event has occurred.

calculationPeriodFrequency (exactly one occurance; of the type CalculationPeriodFrequency)

• The frequency at which calculation period end dates occur with the regular part of the calculation period schedule and their roll date convention.

Used by:

• averageRateObservationSchedule

Derived Types:

Schema Fragment:

<xsd:complexType name="FXAverageRateObservationSchedule">
  <xsd:annotation>
    <xsd:documentation xml:lang="en">
      A type that describes average rate options rate observations.
      This is used to describe a parametric frequency of rate
      observations against a particular rate. Typical frequencies might
      include daily, every Friday, etc.
    </xsd:documentation>
  </xsd:annotation>
  <xsd:sequence>
    <xsd:element ref="observationStartDate"/>
    <xsd:element ref="observationEndDate"/>
    <xsd:element ref="calculationPeriodFrequency"/>
  </xsd:sequence>
</xsd:complexType>

---

FXAverageRateOption

Description:

A type that is used for an option whose payout is based on the average of the price of the underlying over a specific period of time. The payout is the difference between the predetermined, fixed strike price and the average of spot rates observed and is used for hedging against prevailing spot rates over a given time period.

Figure:

Contents:

Inherited element(s): (This definition inherits the content defined by the type Product)

• The base type which all FpML products extend.

buyerPartyReference (exactly one occurance; with locally defined content)

• A pointer style reference to a party identifier defined elsewhere in the document. The party referenced is the buyer of the instrument.

sellerPartyReference (exactly one occurance; with locally defined content)

• A pointer style reference to a party identifier defined elsewhere in the document. The party referenced is the seller of the instrument.

expiryDateTime (exactly one occurance; of the type ExpiryDateTime)

• 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 (exactly one occurance; with locally defined content)

• The manner in which the option can be exercised.

fxOptionPremium (zero or more occurances; of the type FXOptionPremium)

• Premium amount or premium installment amount for an option.

valueDate (exactly one occurance; of the type xsd:date)

• The date on which both currencies traded will settle.

putCurrencyAmount (exactly one occurance; of the type Money)

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

callCurrencyAmount (exactly one occurance; of the type Money)

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

fxStrikePrice (exactly one occurance; of the type FXStrikePrice)

• TBA

spotRate (zero or one occurance; of the type xsd:decimal)

• 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.

payoutCurrency (exactly one occurance; with locally defined content)

• The ISO code of the currency in which a payout (if any) is to be made when a trigger is hit on a digital or barrier option.

averageRateQuoteBasis (exactly one occurance; with locally defined content)

• The method by which the average rate that is being observed is quoted.

precision (zero or one occurance; of the type xsd:nonNegativeInteger)

• Specifies the rounding precision in terms of a number of decimal places. Note how a percentage rate rounding of 5 decimal places is expressed as a rounding precision of 7 in the FpML document since the percentage is expressed as a decimal, e.g. 9.876543% (or 0.09876543) being rounded to the nearest 5 decimal places is 9.87654% (or 0.0987654).

payoutFormula (zero or one occurance; of the type xsd:string)

• The description of the mathematical computation for how the payout is computed.

primaryRateSource (exactly one occurance; of the type InformationSource)

• The primary source for where the rate observation will occur. Will typically be either a page or a reference bank published rate.

secondaryRateSource (zero or one occurance; of the type InformationSource)

• An alternative, or secondary, source for where the rate observation will occur. Will typically be either a page or a reference bank published rate.

fixingTime (exactly one occurance; of the type BusinessCenterTime)

• The time at which the spot currency exchange rate will be observed. It is specified as a time in a specific business center, e.g. 11:00am London time.

Either

averageRateObservationSchedule (exactly one occurance; of the type FXAverageRateObservationSchedule)

• Parametric schedule of rate observations.

Or

averageRateObservationDate (one or more occurances; of the type FXAverageRateObservationDate)

• One of more specific rate observation dates.

observedRates (zero or more occurances; of the type ObservedRates)

• Describes prior rate observations within average rate options. Periodically, an average rate option agreement will be struck whereby some rates have already been observed in the past but will become part of computation of the average rate of the option. This structure provides for these previously observed rates to be included in the description of the trade.

Used by:

• fxAverageRateOption

Derived Types:

Schema Fragment:

<xsd:complexType name="FXAverageRateOption">
  <xsd:annotation>
    <xsd:documentation xml:lang="en">
      A type that is used for an option whose payout is based on the
      average of the price of the underlying over a specific period of
      time. The payout is the difference between the predetermined,
      fixed strike price and the average of spot rates observed and is
      used for hedging against prevailing spot rates over a given time
      period.
    </xsd:documentation>
  </xsd:annotation>
  <xsd:complexContent>
    <xsd:extension base="Product">
      <xsd:sequence>
        <xsd:element ref="buyerPartyReference"/>
        <xsd:element ref="sellerPartyReference"/>
        <xsd:element ref="expiryDateTime"/>
        <xsd:element ref="exerciseStyle"/>
        <xsd:element ref="fxOptionPremium" minOccurs="0" maxOccurs="unbounded"/>
        <xsd:element ref="valueDate"/>
        <xsd:element ref="putCurrencyAmount"/>
        <xsd:element ref="callCurrencyAmount"/>
        <xsd:element ref="fxStrikePrice"/>
        <xsd:element ref="spotRate" minOccurs="0"/>
        <xsd:element ref="payoutCurrency"/>
        <xsd:element ref="averageRateQuoteBasis"/>
        <xsd:element ref="precision" minOccurs="0"/>
        <xsd:element ref="payoutFormula" minOccurs="0"/>
        <xsd:element ref="primaryRateSource"/>
        <xsd:element ref="secondaryRateSource" minOccurs="0"/>
        <xsd:element ref="fixingTime"/>
        <xsd:choice>
          <xsd:element ref="averageRateObservationSchedule"/>
          <xsd:element ref="averageRateObservationDate" maxOccurs="unbounded"/>
        </xsd:choice>
        <xsd:element ref="observedRates" minOccurs="0" maxOccurs="unbounded"/>
      </xsd:sequence>
    </xsd:extension>
  </xsd:complexContent>
</xsd:complexType>

---

FXBarrier

Description:

A type that is used within the FX barrier option definition to define one or more barrier levels that determine whether the option will be knocked-in or knocked-out.

Figure:

Contents:

fxBarrierType (zero or one occurance; with locally defined content)

• This specifies whether the option becomes effective ("knock-in") or is annulled ("knock-out") when the respective trigger event occurs.

quotedCurrencyPair (exactly one occurance; of the type QuotedCurrencyPair)

• Defines the two currencies for an FX trade and the quotation relationship between the two currencies.

triggerRate (exactly one occurance; of the type xsd:decimal)

• The market rate is observed relative to the trigger rate, and if it is found to be on the predefined side of (above or below) the trigger rate, a trigger event is deemed to have occurred.

informationSource (one or more occurances; of the type InformationSource)

• The information source where a published or displayed market rate will be obtained, e.g. Telerate Page 3750.

observationStartDate (zero or one occurance; of the type xsd:date)

• The start of the period over which observations are made to determine whether a trigger has occurred.

observationEndDate (zero or one occurance; of the type xsd:date)

• The end of the period over which observations are made to determine whether a trigger event has occurred.

Used by:

• fxBarrier

Derived Types:

Schema Fragment:

<xsd:complexType name="FXBarrier">
  <xsd:annotation>
    <xsd:documentation xml:lang="en">
      A type that is used within the FX barrier option definition to
      define one or more barrier levels that determine whether the
      option will be knocked-in or knocked-out.
    </xsd:documentation>
  </xsd:annotation>
  <xsd:sequence>
    <xsd:element ref="fxBarrierType" minOccurs="0"/>
    <xsd:element ref="quotedCurrencyPair"/>
    <xsd:element ref="triggerRate"/>
    <xsd:element ref="informationSource" maxOccurs="unbounded"/>
    <xsd:element ref="observationStartDate" minOccurs="0"/>
    <xsd:element ref="observationEndDate" minOccurs="0"/>
  </xsd:sequence>
</xsd:complexType>

---

FXBarrierOption

Description:

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].

Figure:

Contents:

Inherited element(s): (This definition inherits the content defined by the type FXOptionLeg)

• A type that is used for describing a standard FX OTC option (European or American) which may be a complete trade in its own right or part of a trade strategy.

spotRate (zero or one occurance; of the type xsd:decimal)

• 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 (one or more occurances; of the type FXBarrier)

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

triggerPayout (zero or one occurance; of the type FXOptionPayout)

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

Used by:

• fxBarrierOption

Derived Types:

Schema Fragment:

<xsd:complexType name="FXBarrierOption">
  <xsd:annotation>
    <xsd:documentation xml:lang="en">
      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].
    </xsd:documentation>
  </xsd:annotation>
  <xsd:complexContent>
    <xsd:extension base="FXOptionLeg">
      <xsd:sequence>
        <xsd:element ref="spotRate" minOccurs="0"/>
        <xsd:element ref="fxBarrier" maxOccurs="unbounded"/>
        <xsd:element ref="triggerPayout" minOccurs="0"/>
      </xsd:sequence>
    </xsd:extension>
  </xsd:complexContent>
</xsd:complexType>

---

FXCashSettlement

Description:

A type that is used for describing cash settlement of an option / non deliverable forward. It includes the currency to settle into together with the fixings required to calculate the currency amount.

Figure:

Contents:

settlementCurrency (exactly one occurance; with locally defined content)

• The currency in which a cash settlement for non-deliverable forward and non-deliverable options.

fixing (one or more occurances; of the type FXFixing)

• Specifies the source for and timing of a fixing of an exchange rate. This is used in the agreement of non-deliverable forward trades as well as various types of FX OTC options that require observations against a particular rate.

Used by:

• cashSettlementTerms
• nonDeliverableForward

Derived Types:

Schema Fragment:

<xsd:complexType name="FXCashSettlement">
  <xsd:annotation>
    <xsd:documentation xml:lang="en">
      A type that is used for describing cash settlement of an option /
      non deliverable forward. It includes the currency to settle into
      together with the fixings required to calculate the currency
      amount.
    </xsd:documentation>
  </xsd:annotation>
  <xsd:sequence>
    <xsd:element ref="settlementCurrency"/>
    <xsd:element ref="fixing" maxOccurs="unbounded"/>
  </xsd:sequence>
</xsd:complexType>

---

FXDigitalOption

Description:

A type that describes an option without a put/call component (and so no associated exercise), but with one or more trigger rates) Examples are "one-touch", "no-touch", and "double-no-touch" options. For a specified period the market rate is observed relative to the trigger rates, and on a trigger event a fixed payout may become due to the buyer of the option, or alternatively the option contract may be annulled.

Figure:

Contents:

Inherited element(s): (This definition inherits the content defined by the type Product)

• The base type which all FpML products extend.

buyerPartyReference (exactly one occurance; with locally defined content)

• A pointer style reference to a party identifier defined elsewhere in the document. The party referenced is the buyer of the instrument.

sellerPartyReference (exactly one occurance; with locally defined content)

• A pointer style reference to a party identifier defined elsewhere in the document. The party referenced is the seller of the instrument.

expiryDateTime (exactly one occurance; of the type ExpiryDateTime)

• 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.

fxOptionPremium (zero or more occurances; of the type FXOptionPremium)

• Premium amount or premium installment amount for an option.

valueDate (exactly one occurance; of the type xsd:date)

• The date on which both currencies traded will settle.

quotedCurrencyPair (exactly one occurance; of the type QuotedCurrencyPair)

• Defines the two currencies for an FX trade and the quotation relationship between the two currencies.

spotRate (zero or one occurance; of the type xsd:decimal)

• 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.

Either

fxEuropeanTrigger (one or more occurances; of the type FXEuropeanTrigger)

• A European trigger occurs if the trigger criteria are met, but these are valid (and an observation is made) only at the maturity of the option.

Or

fxAmericanTrigger (one or more occurances; of the type FXAmericanTrigger)

• An American trigger occurs if the trigger criteria are met at any time from the initiation to the maturity of the option.

triggerPayout (exactly one occurance; of the type FXOptionPayout)

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

Used by:

• fxDigitalOption

Derived Types:

Schema Fragment:

<xsd:complexType name="FXDigitalOption">
  <xsd:annotation>
    <xsd:documentation xml:lang="en">
      A type that describes an option without a put/call component (and
      so no associated exercise), but with one or more trigger rates)
      Examples are "one-touch", "no-touch", and "double-no-touch"
      options. For a specified period the market rate is observed
      relative to the trigger rates, and on a trigger event a fixed
      payout may become due to the buyer of the option, or
      alternatively the option contract may be annulled.
    </xsd:documentation>
  </xsd:annotation>
  <xsd:complexContent>
    <xsd:extension base="Product">
      <xsd:sequence>
        <xsd:element ref="buyerPartyReference"/>
        <xsd:element ref="sellerPartyReference"/>
        <xsd:element ref="expiryDateTime"/>
        <xsd:element ref="fxOptionPremium" minOccurs="0" maxOccurs="unbounded"/>
        <xsd:element ref="valueDate"/>
        <xsd:element ref="quotedCurrencyPair"/>
        <xsd:element ref="spotRate" minOccurs="0"/>
        <xsd:choice>
          <xsd:element ref="fxEuropeanTrigger" maxOccurs="unbounded"/>
          <xsd:element ref="fxAmericanTrigger" maxOccurs="unbounded"/>
        </xsd:choice>
        <xsd:element ref="triggerPayout"/>
      </xsd:sequence>
    </xsd:extension>
  </xsd:complexContent>
</xsd:complexType>

---

FXEuropeanTrigger

Description:

A type that defines a particular type of payout in an FX OTC exotic option. A European trigger occurs if the trigger criteria are met, but these are valid (and an observation is made) only at the maturity of the option.

Figure:

Contents:

triggerCondition (exactly one occurance; with locally defined content)

• The binary condition that applies to a European-style trigger, determining where the spot rate must be relative to the triggerRate for the option to be exercisable. There can only be two domain values for this element: "aboveTrigger" or "belowTrigger".

quotedCurrencyPair (exactly one occurance; of the type QuotedCurrencyPair)

• Defines the two currencies for an FX trade and the quotation relationship between the two currencies.

triggerRate (exactly one occurance; of the type xsd:decimal)

• The market rate is observed relative to the trigger rate, and if it is found to be on the predefined side of (above or below) the trigger rate, a trigger event is deemed to have occurred.

informationSource (one or more occurances; of the type InformationSource)

• The information source where a published or displayed market rate will be obtained, e.g. Telerate Page 3750.

Used by:

• fxEuropeanTrigger

Derived Types:

Schema Fragment:

<xsd:complexType name="FXEuropeanTrigger">
  <xsd:annotation>
    <xsd:documentation xml:lang="en">
      A type that defines a particular type of payout in an FX OTC
      exotic option. A European trigger occurs if the trigger criteria
      are met, but these are valid (and an observation is made) only at
      the maturity of the option.
    </xsd:documentation>
  </xsd:annotation>
  <xsd:sequence>
    <xsd:element ref="triggerCondition"/>
    <xsd:element ref="quotedCurrencyPair"/>
    <xsd:element ref="triggerRate"/>
    <xsd:element ref="informationSource" maxOccurs="unbounded"/>
  </xsd:sequence>
</xsd:complexType>

---

FXFixing

Description:

A type that specifies the source for and timing of a fixing of an exchange rate. This is used in the agreement of non-deliverable forward trades as well as various types of FX OTC options that require observations against a particular rate.

Figure:

Contents:

quotedCurrencyPair (exactly one occurance; of the type QuotedCurrencyPair)

• Defines the two currencies for an FX trade and the quotation relationship between the two currencies.

primaryRateSource (exactly one occurance; of the type InformationSource)

• The primary source for where the rate observation will occur. Will typically be either a page or a reference bank published rate.

secondaryRateSource (zero or one occurance; of the type InformationSource)

• An alternative, or secondary, source for where the rate observation will occur. Will typically be either a page or a reference bank published rate.

fixingDate (exactly one occurance; of the type xsd:date)

• Describes the specific date when a non-deliverable forward or non-deliverable option will "fix" against a particular rate, which will be used to compute the ultimate cash settlement.

fixingTime (exactly one occurance; of the type BusinessCenterTime)

• The time at which the spot currency exchange rate will be observed. It is specified as a time in a specific business center, e.g. 11:00am London time.

Used by:

• fixing

Derived Types:

Schema Fragment:

<xsd:complexType name="FXFixing">
  <xsd:annotation>
    <xsd:documentation xml:lang="en">
      A type that specifies the source for and timing of a fixing of an
      exchange rate. This is used in the agreement of non-deliverable
      forward trades as well as various types of FX OTC options that
      require observations against a particular rate.
    </xsd:documentation>
  </xsd:annotation>
  <xsd:sequence>
    <xsd:element ref="quotedCurrencyPair"/>
    <xsd:element ref="primaryRateSource"/>
    <xsd:element ref="secondaryRateSource" minOccurs="0"/>
    <xsd:element ref="fixingDate"/>
    <xsd:element ref="fixingTime"/>
  </xsd:sequence>
</xsd:complexType>

---

FXLeg

Description:

A type that represents a single exchange of one currency for another. This is used for representing FX spot, forward, and swap transactions.

Figure:

Contents:

Inherited element(s): (This definition inherits the content defined by the type Product)

• The base type which all FpML products extend.

exchangedCurrency1 (exactly one occurance; of the type Payment)

• This is the first of the two currency flows that define a single leg of a standard foreign exchange transaction.

exchangedCurrency2 (exactly one occurance; of the type Payment)

• This is the second of the two currency flows that define a single leg of a standard foreign exchange transaction.

Either

valueDate (exactly one occurance; of the type xsd:date)

• The date on which both currencies traded will settle.

exchangeRate (exactly one occurance; of the type FXRate)

• The rate of exchange between the two currencies.

nonDeliverableForward (zero or one occurance; of the type FXCashSettlement)

• Used to describe a particular type of FX forward transaction that is settled in a single currency.

confirmationSenderPartyReference (zero or one occurance; with locally defined content)

• The party that is sending the current document as a confirmation of the trade.

Used by:

• fxSingleLeg

Derived Types:

Schema Fragment:

<xsd:complexType name="FXLeg">
  <xsd:annotation>
    <xsd:documentation xml:lang="en">
      A type that represents a single exchange of one currency for
      another. This is used for representing FX spot, forward, and swap
      transactions.
    </xsd:documentation>
  </xsd:annotation>
  <xsd:complexContent>
    <xsd:extension base="Product">
      <xsd:sequence>
        <xsd:element ref="exchangedCurrency1"/>
        <xsd:element ref="exchangedCurrency2"/>
        <xsd:choice>
          <xsd:element ref="valueDate"/>
          <xsd:sequence>
            <xsd:element ref="currency1ValueDate"/>
            <xsd:element ref="currency2ValueDate"/>
          </xsd:sequence>
        </xsd:choice>
        <xsd:element ref="exchangeRate"/>
        <xsd:element ref="nonDeliverableForward" minOccurs="0"/>
        <xsd:element ref="confirmationSenderPartyReference" minOccurs="0"/>
      </xsd:sequence>
    </xsd:extension>
  </xsd:complexContent>
</xsd:complexType>

---

FXOptionLeg

Description:

A type that is used for describing a standard FX OTC option (European or American) which may be a complete trade in its own right or part of a trade strategy.

Figure:

Contents:

Inherited element(s): (This definition inherits the content defined by the type Product)

• The base type which all FpML products extend.

buyerPartyReference (exactly one occurance; with locally defined content)

• A pointer style reference to a party identifier defined elsewhere in the document. The party referenced is the buyer of the instrument.

sellerPartyReference (exactly one occurance; with locally defined content)

• A pointer style reference to a party identifier defined elsewhere in the document. The party referenced is the seller of the instrument.

expiryDateTime (exactly one occurance; of the type ExpiryDateTime)

• 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 (exactly one occurance; with locally defined content)

• The manner in which the option can be exercised.

fxOptionPremium (zero or more occurances; of the type FXOptionPremium)

• Premium amount or premium installment amount for an option.

valueDate (exactly one occurance; of the type xsd:date)

• The date on which both currencies traded will settle.

cashSettlementTerms (zero or one occurance; of the type FXCashSettlement)

• 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 (exactly one occurance; of the type Money)

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

callCurrencyAmount (exactly one occurance; of the type Money)

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

fxStrikePrice (exactly one occurance; of the type FXStrikePrice)

• TBA

quotedAs (zero or one occurance; of the type QuotedAs)

• Describes how the option was quoted.

Used by:

• fxSimpleOption

Derived Types:

• FXBarrierOption

Schema Fragment:

<xsd:complexType name="FXOptionLeg">
  <xsd:annotation>
    <xsd:documentation xml:lang="en">
      A type that is used for describing a standard FX OTC option
      (European or American) which may be a complete trade in its own
      right or part of a trade strategy.
    </xsd:documentation>
  </xsd:annotation>
  <xsd:complexContent>
    <xsd:extension base="Product">
      <xsd:sequence>
        <xsd:element ref="buyerPartyReference"/>
        <xsd:element ref="sellerPartyReference"/>
        <xsd:element ref="expiryDateTime"/>
        <xsd:element ref="exerciseStyle"/>
        <xsd:element ref="fxOptionPremium" minOccurs="0" maxOccurs="unbounded"/>
        <xsd:element ref="valueDate"/>
        <xsd:element ref="cashSettlementTerms" minOccurs="0"/>
        <xsd:element ref="putCurrencyAmount"/>
        <xsd:element ref="callCurrencyAmount"/>
        <xsd:element ref="fxStrikePrice"/>
        <xsd:element ref="quotedAs" minOccurs="0"/>
      </xsd:sequence>
    </xsd:extension>
  </xsd:complexContent>
</xsd:complexType>

---

FXOptionPayout

Description:

A type that contains full details of a predefined fixed payout which may occur (or not) in a Barrier Option or Digital Option when a trigger event occurs (or not).

Figure:

Contents:

Inherited element(s): (This definition inherits the content defined by the type Money)

• A type defining a currency amount.

payoutStyle (exactly one occurance; with locally defined content)

• The trigger event and payout may be asynchonous. A payout may become due on the trigger event, or the payout may (by agreeement at initiation) be deferred (for example) to the maturity date.

settlementInformation (zero or one occurance; of the type SettlementInformation)

• The information required to settle a currency payment that results from a trade.

Used by:

• triggerPayout

Derived Types:

Schema Fragment:

<xsd:complexType name="FXOptionPayout">
  <xsd:annotation>
    <xsd:documentation xml:lang="en">
      A type that contains full details of a predefined fixed payout
      which may occur (or not) in a Barrier Option or Digital Option
      when a trigger event occurs (or not).
    </xsd:documentation>
  </xsd:annotation>
  <xsd:complexContent>
    <xsd:extension base="Money">
      <xsd:sequence>
        <xsd:element ref="payoutStyle"/>
        <xsd:element ref="settlementInformation" minOccurs="0"/>
      </xsd:sequence>
    </xsd:extension>
  </xsd:complexContent>
</xsd:complexType>

---

FXOptionPremium

Description:

A type that specifies the premium exchanged for a single option trade or option strategy.

Figure:

Contents:

payerPartyReference (exactly one occurance; with locally defined content)

• A pointer style reference to a party identifier defined elsewhere in the document.

receiverPartyReference (exactly one occurance; with locally defined content)

• A pointer style reference to a party identifier defined elsewhere in the document.

premiumAmount (exactly one occurance; of the type Money)

• The specific currency and amount of the option premium.

premiumSettlementDate (exactly one occurance; of the type xsd:date)

• The agreed-upon date when the option premium will be settled.

settlementInformation (zero or one occurance; of the type SettlementInformation)

• The information required to settle a currency payment that results from a trade.

premiumQuote (zero or one occurance; of the type PremiumQuote)

• This is the option premium as quoted. It is expected to be consistent with the premiumAmount and is for information only.

Used by:

• fxOptionPremium

Derived Types:

Schema Fragment:

<xsd:complexType name="FXOptionPremium">
  <xsd:annotation>
    <xsd:documentation xml:lang="en">
      A type that specifies the premium exchanged for a single option
      trade or option strategy.
    </xsd:documentation>
  </xsd:annotation>
  <xsd:sequence>
    <xsd:element ref="payerPartyReference"/>
    <xsd:element ref="receiverPartyReference"/>
    <xsd:element ref="premiumAmount"/>
    <xsd:element ref="premiumSettlementDate"/>
    <xsd:element ref="settlementInformation" minOccurs="0"/>
    <xsd:element ref="premiumQuote" minOccurs="0"/>
  </xsd:sequence>
</xsd:complexType>

---

FXRate

Description:

A type that is used for describing the exchange rate for a particular transaction.

Figure:

Contents:

quotedCurrencyPair (exactly one occurance; of the type QuotedCurrencyPair)

• Defines the two currencies for an FX trade and the quotation relationship between the two currencies.

rate (exactly one occurance; of the type xsd:decimal)

• The rate of exchange between the two currencies of the leg of a deal. Must be specified with a quote basis.

spotRate (zero or one occurance; of the type xsd:decimal)

• 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.

forwardPoints (zero or one occurance; of the type xsd:decimal)

• An optional element used for deals consumated in the FX Forwards market. Forward points represent the interest rate differential between the two currencies traded and are quoted as a preminum or a discount. Forward points are added to, or subtracted from, the spot rate to create the rate of the forward trade.

sideRates (zero or one occurance; of the type SideRates)

• An optional element that allow for definition of rates against base currency for non-base currency FX contracts.

Used by:

• exchangeRate

Derived Types:

Schema Fragment:

<xsd:complexType name="FXRate">
  <xsd:annotation>
    <xsd:documentation xml:lang="en">
      A type that is used for describing the exchange rate for a
      particular transaction.
    </xsd:documentation>
  </xsd:annotation>
  <xsd:sequence>
    <xsd:element ref="quotedCurrencyPair"/>
    <xsd:element ref="rate"/>
    <xsd:element ref="spotRate" minOccurs="0"/>
    <xsd:element ref="forwardPoints" minOccurs="0"/>
    <xsd:element ref="sideRates" minOccurs="0"/>
  </xsd:sequence>
</xsd:complexType>

---

FXStrikePrice

Description:

A type that describes the rate of exchange at which the option has been struck.

Figure:

Contents:

rate (exactly one occurance; of the type xsd:decimal)

• The rate of exchange between the two currencies of the leg of a deal. Must be specified with a quote basis.

strikeQuoteBasis (exactly one occurance; with locally defined content)

• The method by which the strike rate is quoted.

Used by:

• fxStrikePrice

Derived Types:

Schema Fragment:

<xsd:complexType name="FXStrikePrice">
  <xsd:annotation>
    <xsd:documentation xml:lang="en">
      A type that describes the rate of exchange at which the option
      has been struck.
    </xsd:documentation>
  </xsd:annotation>
  <xsd:sequence>
    <xsd:element ref="rate"/>
    <xsd:element ref="strikeQuoteBasis"/>
  </xsd:sequence>
</xsd:complexType>

---

FXSwap

Description:

A type that describes an FX swap. This is similar to FpML_FXLeg, but contains multiple legs for a particular trade.

Figure:

Contents:

Inherited element(s): (This definition inherits the content defined by the type Product)

• The base type which all FpML products extend.

fxSingleLeg (one or more occurances; of the type FXLeg)

• A single-legged FX transaction definition (e.g., spot or forward).

Used by:

• fxSwap

Derived Types:

Schema Fragment:

<xsd:complexType name="FXSwap">
  <xsd:annotation>
    <xsd:documentation xml:lang="en">
      A type that describes an FX swap. This is similar to FpML_FXLeg,
      but contains multiple legs for a particular trade.
    </xsd:documentation>
  </xsd:annotation>
  <xsd:complexContent>
    <xsd:extension base="Product">
      <xsd:sequence>
        <xsd:element ref="fxSingleLeg" maxOccurs="unbounded"/>
      </xsd:sequence>
    </xsd:extension>
  </xsd:complexContent>
</xsd:complexType>

---

ObservedRates

Description:

A type that describes prior rate observations within average rate options. Periodically, an average rate option agreement will be struck whereby some rates have already been observed in the past but will become part of computation of the average rate of the option. This structure provides for these previously observed rates to be included in the description of the trade.

Figure:

Contents:

observationDate (exactly one occurance; of the type xsd:date)

• A specific date for which an observation against a particular rate will be made and will be used for subsequent computations.

observedRate (exactly one occurance; of the type xsd:decimal)

• The actual observed rate before any required rate treatment is applied, e.g. before converting a rate quoted on a discount basis to an equivalent yield. An observed rate of 5% would be represented as 0.05.

Used by:

• observedRates

Derived Types:

Schema Fragment:

<xsd:complexType name="ObservedRates">
  <xsd:annotation>
    <xsd:documentation xml:lang="en">
      A type that describes prior rate observations within average rate
      options. Periodically, an average rate option agreement will be
      struck whereby some rates have already been observed in the past
      but will become part of computation of the average rate of the
      option. This structure provides for these previously observed
      rates to be included in the description of the trade.
    </xsd:documentation>
  </xsd:annotation>
  <xsd:sequence>
    <xsd:element ref="observationDate"/>
    <xsd:element ref="observedRate"/>
  </xsd:sequence>
</xsd:complexType>

---

PremiumQuote

Description:

A type that describes the option premium as quoted.

Figure:

Contents:

premiumValue (exactly one occurance; of the type xsd:decimal)

• The value of the premium quote. In general this will be either a percentage or an explicit amount.

premiumQuoteBasis (exactly one occurance; with locally defined content)

• The method by which the option premium was quoted.

Used by:

• premiumQuote

Derived Types:

Schema Fragment:

<xsd:complexType name="PremiumQuote">
  <xsd:annotation>
    <xsd:documentation xml:lang="en">
      A type that describes the option premium as quoted.
    </xsd:documentation>
  </xsd:annotation>
  <xsd:sequence>
    <xsd:element ref="premiumValue"/>
    <xsd:element ref="premiumQuoteBasis"/>
  </xsd:sequence>
</xsd:complexType>

---

QuotedAs

Description:

A type that describes how the option was quoted.

Figure:

Contents:

optionOnCurrency (exactly one occurance; with locally defined content)

• Either the callCurrencyAmount or the putCurrencyAmount defined elsewhere in the document. The currency reference denotes the option currency as the option was quoted (as opposed to the face currency).

faceOnCurrency (exactly one occurance; with locally defined content)

• Either the callCurrencyAmount or the putCurrencyAmount defined elsewhere in the document.The currency reference denotes the face currency as the option was quoted (as opposed to the option currency).

quotedTenor (zero or one occurance; of the type Interval)

• Code denoting the tenor of the option leg.

Used by:

• quotedAs

Derived Types:

Schema Fragment:

<xsd:complexType name="QuotedAs">
  <xsd:annotation>
    <xsd:documentation xml:lang="en">
      A type that describes how the option was quoted.
    </xsd:documentation>
  </xsd:annotation>
  <xsd:sequence>
    <xsd:element ref="optionOnCurrency"/>
    <xsd:element ref="faceOnCurrency"/>
    <xsd:element ref="quotedTenor" minOccurs="0"/>
  </xsd:sequence>
</xsd:complexType>

---

QuotedCurrencyPair

Description:

A type that describes the composition of a rate that has been quoted or is to be quoted. This includes the two currencies and the quotation relationship between the two currencies and is used as a building block throughout the FX specification.

Figure:

Contents:

currency1 (exactly one occurance; with locally defined content)

• The first currency specified when a pair of currencies is to be evaluated.

currency2 (exactly one occurance; with locally defined content)

• The second currency specified when a pair of currencies is to be evaluated.

quoteBasis (exactly one occurance; with locally defined content)

• The method by which the exchange rate is quoted.

Used by:

• quotedCurrencyPair

Derived Types:

Schema Fragment:

<xsd:complexType name="QuotedCurrencyPair">
  <xsd:annotation>
    <xsd:documentation xml:lang="en">
      A type that describes the composition of a rate that has been
      quoted or is to be quoted. This includes the two currencies and
      the quotation relationship between the two currencies and is used
      as a building block throughout the FX specification.
    </xsd:documentation>
  </xsd:annotation>
  <xsd:sequence>
    <xsd:element ref="currency1"/>
    <xsd:element ref="currency2"/>
    <xsd:element ref="quoteBasis"/>
  </xsd:sequence>
</xsd:complexType>

---

SideRate

Description:

A type that is used for describing a particular rate against base currency. Exists within SideRates.

Figure:

Contents:

currency (exactly one occurance; with locally defined content)

• The currency in which an amount is denominated.

sideRateBasis (exactly one occurance; with locally defined content)

• The method by which the exchange rate against base currency is quoted.

rate (exactly one occurance; of the type xsd:decimal)

• The rate of exchange between the two currencies of the leg of a deal. Must be specified with a quote basis.

spotRate (zero or one occurance; of the type xsd:decimal)

• 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.

forwardPoints (zero or one occurance; of the type xsd:decimal)

• An optional element used for deals consumated in the FX Forwards market. Forward points represent the interest rate differential between the two currencies traded and are quoted as a preminum or a discount. Forward points are added to, or subtracted from, the spot rate to create the rate of the forward trade.

Used by:

• currency1SideRate
• currency2SideRate

Derived Types:

Schema Fragment:

<xsd:complexType name="SideRate">
  <xsd:annotation>
    <xsd:documentation xml:lang="en">
      A type that is used for describing a particular rate against base
      currency. Exists within SideRates.
    </xsd:documentation>
  </xsd:annotation>
  <xsd:sequence>
    <xsd:element ref="currency"/>
    <xsd:element ref="sideRateBasis"/>
    <xsd:element ref="rate"/>
    <xsd:element ref="spotRate" minOccurs="0"/>
    <xsd:element ref="forwardPoints" minOccurs="0"/>
  </xsd:sequence>
</xsd:complexType>

---

SideRates

Description:

A type that is used for including rates against base currency for non-base currency FX contracts.

Figure:

Contents:

baseCurrency (exactly one occurance; with locally defined content)

• The currency that is used as the basis for the side rates when calculating a cross rate.

currency1SideRate (zero or one occurance; of the type SideRate)

• The exchange rate for the first currency of the trade against base currency.

currency2SideRate (zero or one occurance; of the type SideRate)

• The exchange rate for the second currency of the trade against base currency.

Used by:

• sideRates

Derived Types:

Schema Fragment:

<xsd:complexType name="SideRates">
  <xsd:annotation>
    <xsd:documentation xml:lang="en">
      A type that is used for including rates against base currency for
      non-base currency FX contracts.
    </xsd:documentation>
  </xsd:annotation>
  <xsd:sequence>
    <xsd:element ref="baseCurrency"/>
    <xsd:element ref="currency1SideRate" minOccurs="0"/>
    <xsd:element ref="currency2SideRate" minOccurs="0"/>
  </xsd:sequence>
</xsd:complexType>

---

TermDeposit

Description:

Figure:

Contents:

Inherited element(s): (This definition inherits the content defined by the type Product)

• The base type which all FpML products extend.

initialPayerReference (exactly one occurance; with locally defined content)

initialReceiverReference (exactly one occurance; with locally defined content)

startDate (exactly one occurance; of the type xsd:date)

• The averaging period start date.

maturityDate (exactly one occurance; of the type xsd:date)

dayCountFraction (exactly one occurance; with locally defined content)

• The day count fraction.

principal (exactly one occurance; of the type Money)

fixedRate (exactly one occurance; of the type xsd:decimal)

• The calculation period fixed rate. A per annum rate, expressed as a decimal. A fixed rate of 5% would be represented as 0.05.

interest (zero or one occurance; of the type Money)

payment (zero or more occurances; of the type Payment)

• A known payment between two parties.

Used by:

• termDeposit

Derived Types:

Schema Fragment:

<xsd:complexType name="TermDeposit">
  <xsd:annotation>
    <xsd:documentation>
      A class defining the content model for a term deposit product.
    </xsd:documentation>
  </xsd:annotation>
  <xsd:complexContent>
    <xsd:extension base="Product">
      <xsd:sequence>
        <xsd:element ref="initialPayerReference"/>
        <xsd:element ref="initialReceiverReference"/>
        <xsd:element ref="startDate"/>
        <xsd:element ref="maturityDate"/>
        <xsd:element ref="dayCountFraction"/>
        <xsd:element ref="principal"/>
        <xsd:element ref="fixedRate"/>
        <xsd:element ref="interest" minOccurs="0"/>
        <xsd:element ref="payment" minOccurs="0" maxOccurs="unbounded"/>
      </xsd:sequence>
    </xsd:extension>
  </xsd:complexContent>
</xsd:complexType>

---

Global Simple Types

CutName

Description:

Contents:

Inherited element(s): (This definition restricts the content defined by the type xsd:string)

Used by:

• cutName

Derived Types:

Schema Fragment:

<xsd:simpleType name="CutName">
  <xsd:restriction base="xsd:string"/>
</xsd:simpleType>

---

ExerciseStyle

Description:

Contents:

Inherited element(s): (This definition restricts the content defined by the type xsd:string)

Used by:

• exerciseStyle

Derived Types:

Schema Fragment:

<xsd:simpleType name="ExerciseStyle">
  <xsd:restriction base="xsd:string"/>
</xsd:simpleType>

---

FxBarrierType

Description:

Contents:

Inherited element(s): (This definition restricts the content defined by the type xsd:string)

Used by:

• fxBarrierType

Derived Types:

Schema Fragment:

<xsd:simpleType name="FxBarrierType">
  <xsd:restriction base="xsd:string"/>
</xsd:simpleType>

---

Payout

Description:

Contents:

Inherited element(s): (This definition restricts the content defined by the type xsd:string)

Used by:

• payoutStyle

Derived Types:

Schema Fragment:

<xsd:simpleType name="Payout">
  <xsd:restriction base="xsd:string"/>
</xsd:simpleType>

---

PremiumQuoteBasis

Description:

Contents:

Inherited element(s): (This definition restricts the content defined by the type xsd:string)

Used by:

• premiumQuoteBasis

Derived Types:

Schema Fragment:

<xsd:simpleType name="PremiumQuoteBasis">
  <xsd:restriction base="xsd:string"/>
</xsd:simpleType>

---

QuoteBasis

Description:

Contents:

Inherited element(s): (This definition restricts the content defined by the type xsd:string)

Used by:

• quoteBasis

Derived Types:

Schema Fragment:

<xsd:simpleType name="QuoteBasis">
  <xsd:restriction base="xsd:string"/>
</xsd:simpleType>

---

SideRateBasis

Description:

Contents:

Inherited element(s): (This definition restricts the content defined by the type xsd:string)

Used by:

• sideRateBasis

Derived Types:

Schema Fragment:

<xsd:simpleType name="SideRateBasis">
  <xsd:restriction base="xsd:string"/>
</xsd:simpleType>

---

StrikeQuoteBasis

Description:

Contents:

Inherited element(s): (This definition restricts the content defined by the type xsd:string)

Used by:

• averageRateQuoteBasis
• strikeQuoteBasis

Derived Types:

Schema Fragment:

<xsd:simpleType name="StrikeQuoteBasis">
  <xsd:restriction base="xsd:string"/>
</xsd:simpleType>

---

TouchCondition

Description:

Contents:

Inherited element(s): (This definition restricts the content defined by the type xsd:string)

Used by:

• touchCondition

Derived Types:

Schema Fragment:

<xsd:simpleType name="TouchCondition">
  <xsd:restriction base="xsd:string"/>
</xsd:simpleType>

---

TriggerCondition

Description:

Contents:

Inherited element(s): (This definition restricts the content defined by the type xsd:string)

Used by:

• triggerCondition

Derived Types:

Schema Fragment:

<xsd:simpleType name="TriggerCondition">
  <xsd:restriction base="xsd:string"/>
</xsd:simpleType>

---

Full XML Schema

<xsd:schema targetNamespace="http://www.fpml.org/2003/FpML-4-0" elementFormDefault="qualified" attributeFormDefault="unqualified">
  <xsd:include schemaLocation="fpml-ird-4-0.xsd"/>
  <xsd:include schemaLocation="fpml-shared-4-0.xsd"/>
  <xsd:complexType name="ExpiryDateTime">
    <xsd:annotation>
      <xsd:documentation xml:lang="en">
        A type that describes 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.
      </xsd:documentation>
    </xsd:annotation>
    <xsd:sequence>
      <xsd:element ref="expiryDate"/>
      <xsd:element ref="expiryTime"/>
      <xsd:element ref="cutName" minOccurs="0"/>
    </xsd:sequence>
  </xsd:complexType>
  <xsd:complexType name="FXAmericanTrigger">
    <xsd:annotation>
      <xsd:documentation xml:lang="en">
        A tyoe that defines a particular type of payout in an FX OTC
        exotic option. An American trigger occurs if the trigger
        criteria are met at any time from the initiation to the
        maturity of the option.
      </xsd:documentation>
    </xsd:annotation>
    <xsd:sequence>
      <xsd:element ref="touchCondition"/>
      <xsd:element ref="quotedCurrencyPair"/>
      <xsd:element ref="triggerRate"/>
      <xsd:element ref="informationSource" maxOccurs="unbounded"/>
      <xsd:element ref="observationStartDate" minOccurs="0"/>
      <xsd:element ref="observationEndDate" minOccurs="0"/>
    </xsd:sequence>
  </xsd:complexType>
  <xsd:complexType name="FXAverageRateObservationDate">
    <xsd:annotation>
      <xsd:documentation xml:lang="en">
        A type that, for average rate options, is used to describe each
        specific observation date, as opposed to a parametric frequency
        of rate observations.
      </xsd:documentation>
    </xsd:annotation>
    <xsd:sequence>
      <xsd:element ref="observationDate"/>
      <xsd:element ref="averageRateWeightingFactor"/>
    </xsd:sequence>
  </xsd:complexType>
  <xsd:complexType name="FXAverageRateObservationSchedule">
    <xsd:annotation>
      <xsd:documentation xml:lang="en">
        A type that describes average rate options rate observations.
        This is used to describe a parametric frequency of rate
        observations against a particular rate. Typical frequencies
        might include daily, every Friday, etc.
      </xsd:documentation>
    </xsd:annotation>
    <xsd:sequence>
      <xsd:element ref="observationStartDate"/>
      <xsd:element ref="observationEndDate"/>
      <xsd:element ref="calculationPeriodFrequency"/>
    </xsd:sequence>
  </xsd:complexType>
  <xsd:complexType name="FXAverageRateOption">
    <xsd:annotation>
      <xsd:documentation xml:lang="en">
        A type that is used for an option whose payout is based on the
        average of the price of the underlying over a specific period
        of time. The payout is the difference between the
        predetermined, fixed strike price and the average of spot rates
        observed and is used for hedging against prevailing spot rates
        over a given time period.
      </xsd:documentation>
    </xsd:annotation>
    <xsd:complexContent>
      <xsd:extension base="Product">
        <xsd:sequence>
          <xsd:element ref="buyerPartyReference"/>
          <xsd:element ref="sellerPartyReference"/>
          <xsd:element ref="expiryDateTime"/>
          <xsd:element ref="exerciseStyle"/>
          <xsd:element ref="fxOptionPremium" minOccurs="0" maxOccurs="unbounded"/>
          <xsd:element ref="valueDate"/>
          <xsd:element ref="putCurrencyAmount"/>
          <xsd:element ref="callCurrencyAmount"/>
          <xsd:element ref="fxStrikePrice"/>
          <xsd:element ref="spotRate" minOccurs="0"/>
          <xsd:element ref="payoutCurrency"/>
          <xsd:element ref="averageRateQuoteBasis"/>
          <xsd:element ref="precision" minOccurs="0"/>
          <xsd:element ref="payoutFormula" minOccurs="0"/>
          <xsd:element ref="primaryRateSource"/>
          <xsd:element ref="secondaryRateSource" minOccurs="0"/>
          <xsd:element ref="fixingTime"/>
          <xsd:choice>
            <xsd:element ref="averageRateObservationSchedule"/>
            <xsd:element ref="averageRateObservationDate" maxOccurs="unbounded"/>
          </xsd:choice>
          <xsd:element ref="observedRates" minOccurs="0" maxOccurs="unbounded"/>
        </xsd:sequence>
      </xsd:extension>
    </xsd:complexContent>
  </xsd:complexType>
  <xsd:complexType name="FXBarrier">
    <xsd:annotation>
      <xsd:documentation xml:lang="en">
        A type that is used within the FX barrier option definition to
        define one or more barrier levels that determine whether the
        option will be knocked-in or knocked-out.
      </xsd:documentation>
    </xsd:annotation>
    <xsd:sequence>
      <xsd:element ref="fxBarrierType" minOccurs="0"/>
      <xsd:element ref="quotedCurrencyPair"/>
      <xsd:element ref="triggerRate"/>
      <xsd:element ref="informationSource" maxOccurs="unbounded"/>
      <xsd:element ref="observationStartDate" minOccurs="0"/>
      <xsd:element ref="observationEndDate" minOccurs="0"/>
    </xsd:sequence>
  </xsd:complexType>
  <xsd:complexType name="FXBarrierOption">
    <xsd:annotation>
      <xsd:documentation xml:lang="en">
        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].
      </xsd:documentation>
    </xsd:annotation>
    <xsd:complexContent>
      <xsd:extension base="FXOptionLeg">
        <xsd:sequence>
          <xsd:element ref="spotRate" minOccurs="0"/>
          <xsd:element ref="fxBarrier" maxOccurs="unbounded"/>
          <xsd:element ref="triggerPayout" minOccurs="0"/>
        </xsd:sequence>
      </xsd:extension>
    </xsd:complexContent>
  </xsd:complexType>
  <xsd:complexType name="FXCashSettlement">
    <xsd:annotation>
      <xsd:documentation xml:lang="en">
        A type that is used for describing cash settlement of an option
        / non deliverable forward. It includes the currency to settle
        into together with the fixings required to calculate the
        currency amount.
      </xsd:documentation>
    </xsd:annotation>
    <xsd:sequence>
      <xsd:element ref="settlementCurrency"/>
      <xsd:element ref="fixing" maxOccurs="unbounded"/>
    </xsd:sequence>
  </xsd:complexType>
  <xsd:complexType name="FXDigitalOption">
    <xsd:annotation>
      <xsd:documentation xml:lang="en">
        A type that describes an option without a put/call component
        (and so no associated exercise), but with one or more trigger
        rates) Examples are "one-touch", "no-touch", and
        "double-no-touch" options. For a specified period the market
        rate is observed relative to the trigger rates, and on a
        trigger event a fixed payout may become due to the buyer of the
        option, or alternatively the option contract may be annulled.
      </xsd:documentation>
    </xsd:annotation>
    <xsd:complexContent>
      <xsd:extension base="Product">
        <xsd:sequence>
          <xsd:element ref="buyerPartyReference"/>
          <xsd:element ref="sellerPartyReference"/>
          <xsd:element ref="expiryDateTime"/>
          <xsd:element ref="fxOptionPremium" minOccurs="0" maxOccurs="unbounded"/>
          <xsd:element ref="valueDate"/>
          <xsd:element ref="quotedCurrencyPair"/>
          <xsd:element ref="spotRate" minOccurs="0"/>
          <xsd:choice>
            <xsd:element ref="fxEuropeanTrigger" maxOccurs="unbounded"/>
            <xsd:element ref="fxAmericanTrigger" maxOccurs="unbounded"/>
          </xsd:choice>
          <xsd:element ref="triggerPayout"/>
        </xsd:sequence>
      </xsd:extension>
    </xsd:complexContent>
  </xsd:complexType>
  <xsd:complexType name="FXEuropeanTrigger">
    <xsd:annotation>
      <xsd:documentation xml:lang="en">
        A type that defines a particular type of payout in an FX OTC
        exotic option. A European trigger occurs if the trigger
        criteria are met, but these are valid (and an observation is
        made) only at the maturity of the option.
      </xsd:documentation>
    </xsd:annotation>
    <xsd:sequence>
      <xsd:element ref="triggerCondition"/>
      <xsd:element ref="quotedCurrencyPair"/>
      <xsd:element ref="triggerRate"/>
      <xsd:element ref="informationSource" maxOccurs="unbounded"/>
    </xsd:sequence>
  </xsd:complexType>
  <xsd:complexType name="FXFixing">
    <xsd:annotation>
      <xsd:documentation xml:lang="en">
        A type that specifies the source for and timing of a fixing of
        an exchange rate. This is used in the agreement of
        non-deliverable forward trades as well as various types of FX
        OTC options that require observations against a particular
        rate.
      </xsd:documentation>
    </xsd:annotation>
    <xsd:sequence>
      <xsd:element ref="quotedCurrencyPair"/>
      <xsd:element ref="primaryRateSource"/>
      <xsd:element ref="secondaryRateSource" minOccurs="0"/>
      <xsd:element ref="fixingDate"/>
      <xsd:element ref="fixingTime"/>
    </xsd:sequence>
  </xsd:complexType>
  <xsd:complexType name="FXLeg">
    <xsd:annotation>
      <xsd:documentation xml:lang="en">
        A type that represents a single exchange of one currency for
        another. This is used for representing FX spot, forward, and
        swap transactions.
      </xsd:documentation>
    </xsd:annotation>
    <xsd:complexContent>
      <xsd:extension base="Product">
        <xsd:sequence>
          <xsd:element ref="exchangedCurrency1"/>
          <xsd:element ref="exchangedCurrency2"/>
          <xsd:choice>
            <xsd:element ref="valueDate"/>
            <xsd:sequence>
              <xsd:element ref="currency1ValueDate"/>
              <xsd:element ref="currency2ValueDate"/>
            </xsd:sequence>
          </xsd:choice>
          <xsd:element ref="exchangeRate"/>
          <xsd:element ref="nonDeliverableForward" minOccurs="0"/>
          <xsd:element ref="confirmationSenderPartyReference" minOccurs="0"/>
        </xsd:sequence>
      </xsd:extension>
    </xsd:complexContent>
  </xsd:complexType>
  <xsd:complexType name="FXOptionLeg">
    <xsd:annotation>
      <xsd:documentation xml:lang="en">
        A type that is used for describing a standard FX OTC option
        (European or American) which may be a complete trade in its own
        right or part of a trade strategy.
      </xsd:documentation>
    </xsd:annotation>
    <xsd:complexContent>
      <xsd:extension base="Product">
        <xsd:sequence>
          <xsd:element ref="buyerPartyReference"/>
          <xsd:element ref="sellerPartyReference"/>
          <xsd:element ref="expiryDateTime"/>
          <xsd:element ref="exerciseStyle"/>
          <xsd:element ref="fxOptionPremium" minOccurs="0" maxOccurs="unbounded"/>
          <xsd:element ref="valueDate"/>
          <xsd:element ref="cashSettlementTerms" minOccurs="0"/>
          <xsd:element ref="putCurrencyAmount"/>
          <xsd:element ref="callCurrencyAmount"/>
          <xsd:element ref="fxStrikePrice"/>
          <xsd:element ref="quotedAs" minOccurs="0"/>
        </xsd:sequence>
      </xsd:extension>
    </xsd:complexContent>
  </xsd:complexType>
  <xsd:complexType name="FXOptionPayout">
    <xsd:annotation>
      <xsd:documentation xml:lang="en">
        A type that contains full details of a predefined fixed payout
        which may occur (or not) in a Barrier Option or Digital Option
        when a trigger event occurs (or not).
      </xsd:documentation>
    </xsd:annotation>
    <xsd:complexContent>
      <xsd:extension base="Money">
        <xsd:sequence>
          <xsd:element ref="payoutStyle"/>
          <xsd:element ref="settlementInformation" minOccurs="0"/>
        </xsd:sequence>
      </xsd:extension>
    </xsd:complexContent>
  </xsd:complexType>
  <xsd:complexType name="FXOptionPremium">
    <xsd:annotation>
      <xsd:documentation xml:lang="en">
        A type that specifies the premium exchanged for a single option
        trade or option strategy.
      </xsd:documentation>
    </xsd:annotation>
    <xsd:sequence>
      <xsd:element ref="payerPartyReference"/>
      <xsd:element ref="receiverPartyReference"/>
      <xsd:element ref="premiumAmount"/>
      <xsd:element ref="premiumSettlementDate"/>
      <xsd:element ref="settlementInformation" minOccurs="0"/>
      <xsd:element ref="premiumQuote" minOccurs="0"/>
    </xsd:sequence>
  </xsd:complexType>
  <xsd:complexType name="FXRate">
    <xsd:annotation>
      <xsd:documentation xml:lang="en">
        A type that is used for describing the exchange rate for a
        particular transaction.
      </xsd:documentation>
    </xsd:annotation>
    <xsd:sequence>
      <xsd:element ref="quotedCurrencyPair"/>
      <xsd:element ref="rate"/>
      <xsd:element ref="spotRate" minOccurs="0"/>
      <xsd:element ref="forwardPoints" minOccurs="0"/>
      <xsd:element ref="sideRates" minOccurs="0"/>
    </xsd:sequence>
  </xsd:complexType>
  <xsd:complexType name="FXStrikePrice">
    <xsd:annotation>
      <xsd:documentation xml:lang="en">
        A type that describes the rate of exchange at which the option
        has been struck.
      </xsd:documentation>
    </xsd:annotation>
    <xsd:sequence>
      <xsd:element ref="rate"/>
      <xsd:element ref="strikeQuoteBasis"/>
    </xsd:sequence>
  </xsd:complexType>
  <xsd:complexType name="FXSwap">
    <xsd:annotation>
      <xsd:documentation xml:lang="en">
        A type that describes an FX swap. This is similar to
        FpML_FXLeg, but contains multiple legs for a particular trade.
      </xsd:documentation>
    </xsd:annotation>
    <xsd:complexContent>
      <xsd:extension base="Product">
        <xsd:sequence>
          <xsd:element ref="fxSingleLeg" maxOccurs="unbounded"/>
        </xsd:sequence>
      </xsd:extension>
    </xsd:complexContent>
  </xsd:complexType>
  <xsd:complexType name="ObservedRates">
    <xsd:annotation>
      <xsd:documentation xml:lang="en">
        A type that describes prior rate observations within average
        rate options. Periodically, an average rate option agreement
        will be struck whereby some rates have already been observed in
        the past but will become part of computation of the average
        rate of the option. This structure provides for these
        previously observed rates to be included in the description of
        the trade.
      </xsd:documentation>
    </xsd:annotation>
    <xsd:sequence>
      <xsd:element ref="observationDate"/>
      <xsd:element ref="observedRate"/>
    </xsd:sequence>
  </xsd:complexType>
  <xsd:complexType name="PremiumQuote">
    <xsd:annotation>
      <xsd:documentation xml:lang="en">
        A type that describes the option premium as quoted.
      </xsd:documentation>
    </xsd:annotation>
    <xsd:sequence>
      <xsd:element ref="premiumValue"/>
      <xsd:element ref="premiumQuoteBasis"/>
    </xsd:sequence>
  </xsd:complexType>
  <xsd:complexType name="QuotedAs">
    <xsd:annotation>
      <xsd:documentation xml:lang="en">
        A type that describes how the option was quoted.
      </xsd:documentation>
    </xsd:annotation>
    <xsd:sequence>
      <xsd:element ref="optionOnCurrency"/>
      <xsd:element ref="faceOnCurrency"/>
      <xsd:element ref="quotedTenor" minOccurs="0"/>
    </xsd:sequence>
  </xsd:complexType>
  <xsd:complexType name="QuotedCurrencyPair">
    <xsd:annotation>
      <xsd:documentation xml:lang="en">
        A type that describes the composition of a rate that has been
        quoted or is to be quoted. This includes the two currencies and
        the quotation relationship between the two currencies and is
        used as a building block throughout the FX specification.
      </xsd:documentation>
    </xsd:annotation>
    <xsd:sequence>
      <xsd:element ref="currency1"/>
      <xsd:element ref="currency2"/>
      <xsd:element ref="quoteBasis"/>
    </xsd:sequence>
  </xsd:complexType>
  <xsd:complexType name="SideRate">
    <xsd:annotation>
      <xsd:documentation xml:lang="en">
        A type that is used for describing a particular rate against
        base currency. Exists within SideRates.
      </xsd:documentation>
    </xsd:annotation>
    <xsd:sequence>
      <xsd:element ref="currency"/>
      <xsd:element ref="sideRateBasis"/>
      <xsd:element ref="rate"/>
      <xsd:element ref="spotRate" minOccurs="0"/>
      <xsd:element ref="forwardPoints" minOccurs="0"/>
    </xsd:sequence>
  </xsd:complexType>
  <xsd:complexType name="SideRates">
    <xsd:annotation>
      <xsd:documentation xml:lang="en">
        A type that is used for including rates against base currency
        for non-base currency FX contracts.
      </xsd:documentation>
    </xsd:annotation>
    <xsd:sequence>
      <xsd:element ref="baseCurrency"/>
      <xsd:element ref="currency1SideRate" minOccurs="0"/>
      <xsd:element ref="currency2SideRate" minOccurs="0"/>
    </xsd:sequence>
  </xsd:complexType>
  <xsd:element name="averageRateObservationDate" type="FXAverageRateObservationDate">
    <xsd:annotation>
      <xsd:documentation xml:lang="en">
        One of more specific rate observation dates.
      </xsd:documentation>
    </xsd:annotation>
  </xsd:element>
  <xsd:element name="averageRateObservationSchedule" type="FXAverageRateObservationSchedule">
    <xsd:annotation>
      <xsd:documentation xml:lang="en">
        Parametric schedule of rate observations.
      </xsd:documentation>
    </xsd:annotation>
  </xsd:element>
  <xsd:element name="averageRateQuoteBasis">
    <xsd:annotation>
      <xsd:documentation xml:lang="en">
        The method by which the average rate that is being observed is
        quoted.
      </xsd:documentation>
    </xsd:annotation>
    <xsd:complexType>
      <xsd:simpleContent>
        <xsd:extension base="StrikeQuoteBasis">
          <xsd:attribute name="strikeQuoteBasisScheme" type="xsd:normalizedString"/>
        </xsd:extension>
      </xsd:simpleContent>
    </xsd:complexType>
  </xsd:element>
  <xsd:element name="averageRateWeightingFactor" type="xsd:decimal">
    <xsd:annotation>
      <xsd:documentation xml:lang="en">
        An optional factor that can be used for weighting certain
        observation dates. Typically, firms will weight each date with
        a factor of 1 if there are standard, unweighted adjustments.
      </xsd:documentation>
    </xsd:annotation>
  </xsd:element>
  <xsd:element name="baseCurrency">
    <xsd:annotation>
      <xsd:documentation xml:lang="en">
        The currency that is used as the basis for the side rates when
        calculating a cross rate.
      </xsd:documentation>
    </xsd:annotation>
    <xsd:complexType>
      <xsd:simpleContent>
        <xsd:extension base="Currency">
          <xsd:attribute name="currencyScheme" type="xsd:normalizedString"/>
        </xsd:extension>
      </xsd:simpleContent>
    </xsd:complexType>
  </xsd:element>
  <xsd:element name="callCurrencyAmount" type="Money">
    <xsd:annotation>
      <xsd:documentation xml:lang="en">
        The currency amount that the option gives the right to buy.
      </xsd:documentation>
    </xsd:annotation>
  </xsd:element>
  <xsd:element name="cashSettlementTerms" type="FXCashSettlement">
    <xsd:annotation>
      <xsd:documentation xml:lang="en">
        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.
      </xsd:documentation>
    </xsd:annotation>
  </xsd:element>
  <xsd:element name="confirmationSenderPartyReference">
    <xsd:annotation>
      <xsd:documentation xml:lang="en">
        The party that is sending the current document as a
        confirmation of the trade.
      </xsd:documentation>
    </xsd:annotation>
    <xsd:complexType>
      <xsd:attribute name="href" use="required" type="xsd:IDREF"/>
    </xsd:complexType>
  </xsd:element>
  <xsd:element name="currency1">
    <xsd:annotation>
      <xsd:documentation xml:lang="en">
        The first currency specified when a pair of currencies is to be
        evaluated.
      </xsd:documentation>
    </xsd:annotation>
    <xsd:complexType>
      <xsd:simpleContent>
        <xsd:extension base="Currency">
          <xsd:attribute name="currencyScheme" type="xsd:normalizedString"/>
        </xsd:extension>
      </xsd:simpleContent>
    </xsd:complexType>
  </xsd:element>
  <xsd:element name="currency1SideRate" type="SideRate">
    <xsd:annotation>
      <xsd:documentation xml:lang="en">
        The exchange rate for the first currency of the trade against
        base currency.
      </xsd:documentation>
    </xsd:annotation>
  </xsd:element>
  <xsd:element name="currency1ValueDate" type="xsd:date">
    <xsd:annotation>
      <xsd:documentation xml:lang="en">
        The date on which the currency1 amount will be settled. To be
        used in a split value date scenario.
      </xsd:documentation>
    </xsd:annotation>
  </xsd:element>
  <xsd:element name="currency2">
    <xsd:annotation>
      <xsd:documentation xml:lang="en">
        The second currency specified when a pair of currencies is to
        be evaluated.
      </xsd:documentation>
    </xsd:annotation>
    <xsd:complexType>
      <xsd:simpleContent>
        <xsd:extension base="Currency">
          <xsd:attribute name="currencyScheme" type="xsd:normalizedString"/>
        </xsd:extension>
      </xsd:simpleContent>
    </xsd:complexType>
  </xsd:element>
  <xsd:element name="currency2SideRate" type="SideRate">
    <xsd:annotation>
      <xsd:documentation xml:lang="en">
        The exchange rate for the second currency of the trade against
        base currency.
      </xsd:documentation>
    </xsd:annotation>
  </xsd:element>
  <xsd:element name="currency2ValueDate" type="xsd:date">
    <xsd:annotation>
      <xsd:documentation xml:lang="en">
        The date on which the currency2 amount will be settled. To be
        used in a split value date scenario.
      </xsd:documentation>
    </xsd:annotation>
  </xsd:element>
  <xsd:element name="cutName">
    <xsd:annotation>
      <xsd:documentation xml:lang="en">
        Allows for an expiryDateTime cut to be described by name.
      </xsd:documentation>
    </xsd:annotation>
    <xsd:complexType>
      <xsd:simpleContent>
        <xsd:extension base="CutName">
          <xsd:attribute name="cutNameScheme" type="xsd:normalizedString"/>
        </xsd:extension>
      </xsd:simpleContent>
    </xsd:complexType>
  </xsd:element>
  <xsd:element name="exchangeRate" type="FXRate">
    <xsd:annotation>
      <xsd:documentation xml:lang="en">
        The rate of exchange between the two currencies.
      </xsd:documentation>
    </xsd:annotation>
  </xsd:element>
  <xsd:element name="exchangedCurrency1" type="Payment">
    <xsd:annotation>
      <xsd:documentation xml:lang="en">
        This is the first of the two currency flows that define a
        single leg of a standard foreign exchange transaction.
      </xsd:documentation>
    </xsd:annotation>
  </xsd:element>
  <xsd:element name="exchangedCurrency2" type="Payment">
    <xsd:annotation>
      <xsd:documentation xml:lang="en">
        This is the second of the two currency flows that define a
        single leg of a standard foreign exchange transaction.
      </xsd:documentation>
    </xsd:annotation>
  </xsd:element>
  <xsd:element name="exerciseStyle">
    <xsd:annotation>
      <xsd:documentation xml:lang="en">
        The manner in which the option can be exercised.
      </xsd:documentation>
    </xsd:annotation>
    <xsd:complexType>
      <xsd:simpleContent>
        <xsd:extension base="ExerciseStyle">
          <xsd:attribute name="exerciseStyleScheme" type="xsd:normalizedString"/>
        </xsd:extension>
      </xsd:simpleContent>
    </xsd:complexType>
  </xsd:element>
  <xsd:element name="expiryDate" type="xsd:date">
    <xsd:annotation>
      <xsd:documentation xml:lang="en">
        Represents a standard expiry date as defined for an FX OTC
        option.
      </xsd:documentation>
    </xsd:annotation>
  </xsd:element>
  <xsd:element name="expiryDateTime" type="ExpiryDateTime">
    <xsd:annotation>
      <xsd:documentation xml:lang="en">
        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.
      </xsd:documentation>
    </xsd:annotation>
  </xsd:element>
  <xsd:element name="expiryTime" type="BusinessCenterTime"/>
  <xsd:element name="faceOnCurrency">
    <xsd:annotation>
      <xsd:documentation xml:lang="en">
        Either the callCurrencyAmount or the putCurrencyAmount defined
        elsewhere in the document.The currency reference denotes the
        face currency as the option was quoted (as opposed to the
        option currency).
      </xsd:documentation>
    </xsd:annotation>
    <xsd:complexType>
      <xsd:simpleContent>
        <xsd:extension base="Currency">
          <xsd:attribute name="currencyScheme" type="xsd:normalizedString"/>
        </xsd:extension>
      </xsd:simpleContent>
    </xsd:complexType>
  </xsd:element>
  <xsd:element name="fixing" type="FXFixing">
    <xsd:annotation>
      <xsd:documentation xml:lang="en">
        Specifies the source for and timing of a fixing of an exchange
        rate. This is used in the agreement of non-deliverable forward
        trades as well as various types of FX OTC options that require
        observations against a particular rate.
      </xsd:documentation>
    </xsd:annotation>
  </xsd:element>
  <xsd:element name="fixingDate" type="xsd:date">
    <xsd:annotation>
      <xsd:documentation xml:lang="en">
        Describes the specific date when a non-deliverable forward or
        non-deliverable option will "fix" against a particular rate,
        which will be used to compute the ultimate cash settlement.
      </xsd:documentation>
    </xsd:annotation>
  </xsd:element>
  <xsd:element name="forwardPoints" type="xsd:decimal">
    <xsd:annotation>
      <xsd:documentation xml:lang="en">
        An optional element used for deals consumated in the FX
        Forwards market. Forward points represent the interest rate
        differential between the two currencies traded and are quoted
        as a preminum or a discount. Forward points are added to, or
        subtracted from, the spot rate to create the rate of the
        forward trade.
      </xsd:documentation>
    </xsd:annotation>
  </xsd:element>
  <xsd:element name="fxAmericanTrigger" type="FXAmericanTrigger">
    <xsd:annotation>
      <xsd:documentation xml:lang="en">
        An American trigger occurs if the trigger criteria are met at
        any time from the initiation to the maturity of the option.
      </xsd:documentation>
    </xsd:annotation>
  </xsd:element>
  <xsd:element name="fxAverageRateOption" type="FXAverageRateOption" substitutionGroup="product">
    <xsd:annotation>
      <xsd:documentation xml:lang="en">
        A component describing an FX Average Rate Option product.
      </xsd:documentation>
    </xsd:annotation>
  </xsd:element>
  <xsd:element name="fxBarrier" type="FXBarrier">
    <xsd:annotation>
      <xsd:documentation xml:lang="en">
        Information about a barrier rate in a Barrier Option -
        specifying the exact criteria for a trigger event to occur.
      </xsd:documentation>
    </xsd:annotation>
  </xsd:element>
  <xsd:element name="fxBarrierOption" type="FXBarrierOption" substitutionGroup="product">
    <xsd:annotation>
      <xsd:documentation xml:lang="en">
        A component describing a FX Barrier Option product.
      </xsd:documentation>
    </xsd:annotation>
  </xsd:element>
  <xsd:element name="fxBarrierType">
    <xsd:annotation>
      <xsd:documentation xml:lang="en">
        This specifies whether the option becomes effective
        ("knock-in") or is annulled ("knock-out") when the respective
        trigger event occurs.
      </xsd:documentation>
    </xsd:annotation>
    <xsd:complexType>
      <xsd:simpleContent>
        <xsd:extension base="FxBarrierType">
          <xsd:attribute name="fxBarrierTypeScheme" type="xsd:normalizedString"/>
        </xsd:extension>
      </xsd:simpleContent>
    </xsd:complexType>
  </xsd:element>
  <xsd:element name="fxDigitalOption" type="FXDigitalOption" substitutionGroup="product">
    <xsd:annotation>
      <xsd:documentation xml:lang="en">
        A component describing a FX Digital Option product.
      </xsd:documentation>
    </xsd:annotation>
  </xsd:element>
  <xsd:element name="fxEuropeanTrigger" type="FXEuropeanTrigger">
    <xsd:annotation>
      <xsd:documentation xml:lang="en">
        A European trigger occurs if the trigger criteria are met, but
        these are valid (and an observation is made) only at the
        maturity of the option.
      </xsd:documentation>
    </xsd:annotation>
  </xsd:element>
  <xsd:element name="fxOptionPremium" type="FXOptionPremium">
    <xsd:annotation>
      <xsd:documentation xml:lang="en">
        Premium amount or premium installment amount for an option.
      </xsd:documentation>
    </xsd:annotation>
  </xsd:element>
  <xsd:element name="fxSimpleOption" type="FXOptionLeg" substitutionGroup="product">
    <xsd:annotation>
      <xsd:documentation xml:lang="en">
        A component describing a FX Simple Option product
      </xsd:documentation>
    </xsd:annotation>
  </xsd:element>
  <xsd:element name="fxSingleLeg" type="FXLeg" substitutionGroup="product">
    <xsd:annotation>
      <xsd:documentation xml:lang="en">
        A single-legged FX transaction definition (e.g., spot or
        forward).
      </xsd:documentation>
    </xsd:annotation>
  </xsd:element>
  <xsd:element name="fxStrikePrice" type="FXStrikePrice">
    <xsd:annotation>
      <xsd:documentation xml:lang="en">
        TBA
      </xsd:documentation>
    </xsd:annotation>
  </xsd:element>
  <xsd:element name="fxSwap" type="FXSwap" substitutionGroup="product">
    <xsd:annotation>
      <xsd:documentation xml:lang="en">
        A component describing a FX Swap product.
      </xsd:documentation>
    </xsd:annotation>
  </xsd:element>
  <xsd:element name="nonDeliverableForward" type="FXCashSettlement">
    <xsd:annotation>
      <xsd:documentation xml:lang="en">
        Used to describe a particular type of FX forward transaction
        that is settled in a single currency.
      </xsd:documentation>
    </xsd:annotation>
  </xsd:element>
  <xsd:element name="observationDate" type="xsd:date">
    <xsd:annotation>
      <xsd:documentation xml:lang="en">
        A specific date for which an observation against a particular
        rate will be made and will be used for subsequent computations.
      </xsd:documentation>
    </xsd:annotation>
  </xsd:element>
  <xsd:element name="observationStartDate" type="xsd:date">
    <xsd:annotation>
      <xsd:documentation xml:lang="en">
        The start of the period over which observations are made to
        determine whether a trigger has occurred.
      </xsd:documentation>
    </xsd:annotation>
  </xsd:element>
  <xsd:element name="observationEndDate" type="xsd:date">
    <xsd:annotation>
      <xsd:documentation xml:lang="en">
        The end of the period over which observations are made to
        determine whether a trigger event has occurred.
      </xsd:documentation>
    </xsd:annotation>
  </xsd:element>
  <xsd:element name="observedRates" type="ObservedRates">
    <xsd:annotation>
      <xsd:documentation xml:lang="en">
        Describes prior rate observations within average rate options.
        Periodically, an average rate option agreement will be struck
        whereby some rates have already been observed in the past but
        will become part of computation of the average rate of the
        option. This structure provides for these previously observed
        rates to be included in the description of the trade.
      </xsd:documentation>
    </xsd:annotation>
  </xsd:element>
  <xsd:element name="optionOnCurrency">
    <xsd:annotation>
      <xsd:documentation xml:lang="en">
        Either the callCurrencyAmount or the putCurrencyAmount defined
        elsewhere in the document. The currency reference denotes the
        option currency as the option was quoted (as opposed to the
        face currency).
      </xsd:documentation>
    </xsd:annotation>
    <xsd:complexType>
      <xsd:simpleContent>
        <xsd:extension base="Currency">
          <xsd:attribute name="currencyScheme" type="xsd:normalizedString"/>
        </xsd:extension>
      </xsd:simpleContent>
    </xsd:complexType>
  </xsd:element>
  <xsd:element name="payoutCurrency">
    <xsd:annotation>
      <xsd:documentation xml:lang="en">
        The ISO code of the currency in which a payout (if any) is to
        be made when a trigger is hit on a digital or barrier option.
      </xsd:documentation>
    </xsd:annotation>
    <xsd:complexType>
      <xsd:simpleContent>
        <xsd:extension base="Currency">
          <xsd:attribute name="currencyScheme" type="xsd:normalizedString"/>
        </xsd:extension>
      </xsd:simpleContent>
    </xsd:complexType>
  </xsd:element>
  <xsd:element name="payoutFormula" type="xsd:string">
    <xsd:annotation>
      <xsd:documentation xml:lang="en">
        The description of the mathematical computation for how the
        payout is computed.
      </xsd:documentation>
    </xsd:annotation>
  </xsd:element>
  <xsd:element name="payoutStyle">
    <xsd:annotation>
      <xsd:documentation xml:lang="en">
        The trigger event and payout may be asynchonous. A payout may
        become due on the trigger event, or the payout may (by
        agreeement at initiation) be deferred (for example) to the
        maturity date.
      </xsd:documentation>
    </xsd:annotation>
    <xsd:complexType>
      <xsd:simpleContent>
        <xsd:extension base="Payout">
          <xsd:attribute name="payoutScheme" type="xsd:normalizedString"/>
        </xsd:extension>
      </xsd:simpleContent>
    </xsd:complexType>
  </xsd:element>
  <xsd:element name="premiumAmount" type="Money">
    <xsd:annotation>
      <xsd:documentation xml:lang="en">
        The specific currency and amount of the option premium.
      </xsd:documentation>
    </xsd:annotation>
  </xsd:element>
  <xsd:element name="premiumQuote" type="PremiumQuote">
    <xsd:annotation>
      <xsd:documentation xml:lang="en">
        This is the option premium as quoted. It is expected to be
        consistent with the premiumAmount and is for information only.
      </xsd:documentation>
    </xsd:annotation>
  </xsd:element>
  <xsd:element name="premiumQuoteBasis">
    <xsd:annotation>
      <xsd:documentation xml:lang="en">
        The method by which the option premium was quoted.
      </xsd:documentation>
    </xsd:annotation>
    <xsd:complexType>
      <xsd:simpleContent>
        <xsd:extension base="PremiumQuoteBasis">
          <xsd:attribute name="premiumQuoteBasisScheme" type="xsd:normalizedString"/>
        </xsd:extension>
      </xsd:simpleContent>
    </xsd:complexType>
  </xsd:element>
  <xsd:element name="premiumSettlementDate" type="xsd:date">
    <xsd:annotation>
      <xsd:documentation xml:lang="en">
        The agreed-upon date when the option premium will be settled.
      </xsd:documentation>
    </xsd:annotation>
  </xsd:element>
  <xsd:element name="premiumValue" type="xsd:decimal">
    <xsd:annotation>
      <xsd:documentation xml:lang="en">
        The value of the premium quote. In general this will be either
        a percentage or an explicit amount.
      </xsd:documentation>
    </xsd:annotation>
  </xsd:element>
  <xsd:element name="primaryRateSource" type="InformationSource">
    <xsd:annotation>
      <xsd:documentation xml:lang="en">
        The primary source for where the rate observation will occur.
        Will typically be either a page or a reference bank published
        rate.
      </xsd:documentation>
    </xsd:annotation>
  </xsd:element>
  <xsd:element name="putCurrencyAmount" type="Money">
    <xsd:annotation>
      <xsd:documentation xml:lang="en">
        The currency amount that the option gives the right to sell.
      </xsd:documentation>
    </xsd:annotation>
  </xsd:element>
  <xsd:element name="quoteBasis">
    <xsd:annotation>
      <xsd:documentation xml:lang="en">
        The method by which the exchange rate is quoted.
      </xsd:documentation>
    </xsd:annotation>
    <xsd:complexType>
      <xsd:simpleContent>
        <xsd:extension base="QuoteBasis">
          <xsd:attribute name="quoteBasisScheme" type="xsd:normalizedString"/>
        </xsd:extension>
      </xsd:simpleContent>
    </xsd:complexType>
  </xsd:element>
  <xsd:element name="quotedAs" type="QuotedAs">
    <xsd:annotation>
      <xsd:documentation xml:lang="en">
        Describes how the option was quoted.
      </xsd:documentation>
    </xsd:annotation>
  </xsd:element>
  <xsd:element name="quotedCurrencyPair" type="QuotedCurrencyPair">
    <xsd:annotation>
      <xsd:documentation xml:lang="en">
        Defines the two currencies for an FX trade and the quotation
        relationship between the two currencies.
      </xsd:documentation>
    </xsd:annotation>
  </xsd:element>
  <xsd:element name="quotedTenor" type="Interval">
    <xsd:annotation>
      <xsd:documentation xml:lang="en">
        Code denoting the tenor of the option leg.
      </xsd:documentation>
    </xsd:annotation>
  </xsd:element>
  <xsd:element name="secondaryRateSource" type="InformationSource">
    <xsd:annotation>
      <xsd:documentation xml:lang="en">
        An alternative, or secondary, source for where the rate
        observation will occur. Will typically be either a page or a
        reference bank published rate.
      </xsd:documentation>
    </xsd:annotation>
  </xsd:element>
  <xsd:element name="sideRates" type="SideRates">
    <xsd:annotation>
      <xsd:documentation xml:lang="en">
        An optional element that allow for definition of rates against
        base currency for non-base currency FX contracts.
      </xsd:documentation>
    </xsd:annotation>
  </xsd:element>
  <xsd:element name="sideRateBasis">
    <xsd:annotation>
      <xsd:documentation xml:lang="en">
        The method by which the exchange rate against base currency is
        quoted.
      </xsd:documentation>
    </xsd:annotation>
    <xsd:complexType>
      <xsd:simpleContent>
        <xsd:extension base="SideRateBasis">
          <xsd:attribute name="sideRateBasisScheme" type="xsd:normalizedString"/>
        </xsd:extension>
      </xsd:simpleContent>
    </xsd:complexType>
  </xsd:element>
  <xsd:element name="spotRate" type="xsd:decimal">
    <xsd:annotation>
      <xsd:documentation xml:lang="en">
        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.
      </xsd:documentation>
    </xsd:annotation>
  </xsd:element>
  <xsd:element name="strikeQuoteBasis">
    <xsd:annotation>
      <xsd:documentation xml:lang="en">
        The method by which the strike rate is quoted.
      </xsd:documentation>
    </xsd:annotation>
    <xsd:complexType>
      <xsd:simpleContent>
        <xsd:extension base="StrikeQuoteBasis">
          <xsd:attribute name="strikeQuoteBasisScheme" type="xsd:normalizedString"/>
        </xsd:extension>
      </xsd:simpleContent>
    </xsd:complexType>
  </xsd:element>
  <xsd:element name="touchCondition">
    <xsd:annotation>
      <xsd:documentation xml:lang="en">
        The binary condition that applies to an American-style trigger.
        There can only be two domain values for this element: "touch"
        or "no touch".
      </xsd:documentation>
    </xsd:annotation>
    <xsd:complexType>
      <xsd:simpleContent>
        <xsd:extension base="TouchCondition">
          <xsd:attribute name="tounchConditionScheme" type="xsd:normalizedString"/>
        </xsd:extension>
      </xsd:simpleContent>
    </xsd:complexType>
  </xsd:element>
  <xsd:element name="triggerCondition">
    <xsd:annotation>
      <xsd:documentation xml:lang="en">
        The binary condition that applies to a European-style trigger,
        determining where the spot rate must be relative to the
        triggerRate for the option to be exercisable. There can only be
        two domain values for this element: "aboveTrigger" or
        "belowTrigger".
      </xsd:documentation>
    </xsd:annotation>
    <xsd:complexType>
      <xsd:simpleContent>
        <xsd:extension base="TriggerCondition">
          <xsd:attribute name="triggerConditionScheme" type="xsd:normalizedString"/>
        </xsd:extension>
      </xsd:simpleContent>
    </xsd:complexType>
  </xsd:element>
  <xsd:element name="triggerPayout" type="FXOptionPayout">
    <xsd:annotation>
      <xsd:documentation xml:lang="en">
        The amount of currency which becomes payable if and when a
        trigger event occurs.
      </xsd:documentation>
    </xsd:annotation>
  </xsd:element>
  <xsd:element name="triggerRate" type="xsd:decimal">
    <xsd:annotation>
      <xsd:documentation xml:lang="en">
        The market rate is observed relative to the trigger rate, and
        if it is found to be on the predefined side of (above or below)
        the trigger rate, a trigger event is deemed to have occurred.
      </xsd:documentation>
    </xsd:annotation>
  </xsd:element>
  <xsd:element name="valueDate" type="xsd:date">
    <xsd:annotation>
      <xsd:documentation xml:lang="en">
        The date on which both currencies traded will settle.
      </xsd:documentation>
    </xsd:annotation>
  </xsd:element>
  <xsd:simpleType name="CutName">
    <xsd:restriction base="xsd:string"/>
  </xsd:simpleType>
  <xsd:simpleType name="ExerciseStyle">
    <xsd:restriction base="xsd:string"/>
  </xsd:simpleType>
  <xsd:simpleType name="FxBarrierType">
    <xsd:restriction base="xsd:string"/>
  </xsd:simpleType>
  <xsd:simpleType name="Payout">
    <xsd:restriction base="xsd:string"/>
  </xsd:simpleType>
  <xsd:simpleType name="PremiumQuoteBasis">
    <xsd:restriction base="xsd:string"/>
  </xsd:simpleType>
  <xsd:simpleType name="QuoteBasis">
    <xsd:restriction base="xsd:string"/>
  </xsd:simpleType>
  <xsd:simpleType name="SideRateBasis">
    <xsd:restriction base="xsd:string"/>
  </xsd:simpleType>
  <xsd:simpleType name="StrikeQuoteBasis">
    <xsd:restriction base="xsd:string"/>
  </xsd:simpleType>
  <xsd:simpleType name="TouchCondition">
    <xsd:restriction base="xsd:string"/>
  </xsd:simpleType>
  <xsd:simpleType name="TriggerCondition">
    <xsd:restriction base="xsd:string"/>
  </xsd:simpleType>
  <xsd:element name="initialPayerReference">
    <xsd:annotation>
      <xsd:documentation>
        A pointer style reference to a part identifier defined
        elsewhere in the document. The party referenced is the payer of
        the initial principal of the deposit on the start date.
      </xsd:documentation>
    </xsd:annotation>
    <xsd:complexType>
      <xsd:attribute name="href" use="required" type="xsd:IDREF"/>
    </xsd:complexType>
  </xsd:element>
  <xsd:element name="initialReceiverReference">
    <xsd:annotation>
      <xsd:documentation>
        A pointer style reference to a party identifier defined
        elsewhere in the document. The party is the receiver of the
        initial principal of the deposit on the start date.
      </xsd:documentation>
    </xsd:annotation>
    <xsd:complexType>
      <xsd:attribute name="href" use="required" type="xsd:IDREF"/>
    </xsd:complexType>
  </xsd:element>
  <xsd:element name="interest" type="Money">
    <xsd:annotation>
      <xsd:documentation>
        The total interest of at maturity of the trade.
      </xsd:documentation>
    </xsd:annotation>
  </xsd:element>
  <xsd:element name="maturityDate" type="xsd:date">
    <xsd:annotation>
      <xsd:documentation>
        The end date of the calculation period. This date should
        already be adjusted for any applicable business day convention.
      </xsd:documentation>
    </xsd:annotation>
  </xsd:element>
  <xsd:element name="principal" type="Money">
    <xsd:annotation>
      <xsd:documentation>
        The principal amount of the trade.
      </xsd:documentation>
    </xsd:annotation>
  </xsd:element>
  <xsd:element name="termDeposit" type="TermDeposit" substitutionGroup="product">
    <xsd:annotation>
      <xsd:documentation>
        A term deposit product definition.
      </xsd:documentation>
    </xsd:annotation>
  </xsd:element>
  <xsd:complexType name="TermDeposit">
    <xsd:annotation>
      <xsd:documentation>
        A class defining the content model for a term deposit product.
      </xsd:documentation>
    </xsd:annotation>
    <xsd:complexContent>
      <xsd:extension base="Product">
        <xsd:sequence>
          <xsd:element ref="initialPayerReference"/>
          <xsd:element ref="initialReceiverReference"/>
          <xsd:element ref="startDate"/>
          <xsd:element ref="maturityDate"/>
          <xsd:element ref="dayCountFraction"/>
          <xsd:element ref="principal"/>
          <xsd:element ref="fixedRate"/>
          <xsd:element ref="interest" minOccurs="0"/>
          <xsd:element ref="payment" minOccurs="0" maxOccurs="unbounded"/>
        </xsd:sequence>
      </xsd:extension>
    </xsd:complexContent>
  </xsd:complexType>
</xsd:schema>