Super-types: | None |
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Sub-types: | None |
Name | FxEuropeanTrigger |
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Used by (from the same schema document) | Complex Type FxDigitalOption |
Abstract | no |
Documentation | 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. |
'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\".'
'Defines the two currencies for an FX trade and the quotation relationship between the two currencies.'
'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.'
'The information source where a published or displayed market rate will be obtained, e.g. Telerate Page 3750.'