XML Schema Documentation

Complex Type: FxEuropeanTrigger

[Table of contents]

Super-types: None
Sub-types: None
Name FxEuropeanTrigger
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.
XML Instance Representation
<...>
<triggerCondition> TriggerConditionEnum </triggerCondition> [1]

'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> QuotedCurrencyPair </quotedCurrencyPair> [1]

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

<triggerRate> xsd:decimal </triggerRate> [1]

'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> InformationSource </informationSource> [1..*]

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

</...>
Diagram
Schema Component Representation
<xsd:complexType name="FxEuropeanTrigger">
<xsd:sequence>
<xsd:element name="triggerCondition" type=" TriggerConditionEnum "/>
<xsd:element name="quotedCurrencyPair" type=" QuotedCurrencyPair "/>
<xsd:element name="triggerRate" type=" xsd:decimal "/>
<xsd:element name="informationSource" type=" InformationSource " maxOccurs="unbounded"/>
</xsd:sequence>
</xsd:complexType>