element <accrualRetention> (local)
Namespace: |
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Type: |
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Content: |
simple |
Defined: |
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XML Representation Summary |
<accrualRetention> |
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Content: |
{ enumeration of xsd:token } |
</accrualRetention> |
Simple Content Detail:
Enumeration: |
"Keep" |
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If the barrier is triggered, the accrual process for that period stops. The parties retain the underlying settlement rights for that period with the currently accrued notional.
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"Lose" |
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If the barrier is triggered, the accrual process for that period stops. No settlement occurs for that period.
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Included in content model of elements (4):
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Annotation
Specifies the behavior with respect to settlement rights for the accrual period in which a global knockout event occurs (the "knockout period"). "Keep" means that the parties retain settlement rights at the end of the knckout period, fixed at the prevailing accrued notional, and settlement rights for all future accrual periods are extinguished. "Lose" means that settlement rights for the knockout period and all future accrual periods are extinguished, and the product is effectively extinguished. This element should be produced in case of a global knockout barrier (barrierType= "Knockout", scope="Global"), and omitted otherwise.
XML Source (w/o annotations (1); see within schema source)
