complexType "FxTargetKnockoutForward"

Namespace:	http://www.fpml.org/FpML-5/reporting
Content:	complex, 1 attribute, 24 elements
Defined:	globally in fpml-fx-targets-5-10.xsd; see XML source
Includes:	definitions of 18 elements
Used:	at 1 location

Content Model Diagram

XML Representation Summary

<...

xsd:ID

Content:

</...>

Content Model Elements (24):

additionalPayment (in fxTargetKnockoutForward),

assetClass (defined in Product.model group),

barrier (in fxTargetKnockoutForward),

cashSettlement (in fxTargetKnockoutForward),

constantPayoffRegion (in fxTargetKnockoutForward),

embeddedOptionType,

expirySchedule (in fxTargetKnockoutForward),

fixingInformationSource (in fxTargetKnockoutForward),

linearPayoffRegion (in fxTargetKnockoutForward),

notionalAmount (in fxTargetKnockoutForward),

pivot (in fxTargetKnockoutForward),

primaryAssetClass (defined in Product.model group),

productId (defined in Product.model group),

productType (defined in Product.model group),

quotedCurrencyPair (in fxTargetKnockoutForward),

secondaryAssetClass (defined in Product.model group),

settlementPeriodSchedule (in fxTargetKnockoutForward),

settlementSchedule (in fxTargetKnockoutForward),

spotRate (in fxTargetKnockoutForward),

target

All Direct / Indirect Based Elements (1):

fxTargetKnockoutForward

Known Usage Locations

As direct type of elements (1):

fxTargetKnockoutForward

Annotation

A structured forward product which consists of a strip of forwards. Each forward may be settled as an exchange of currencies or cash settled. At each settlement, the amount of gain that one party achieves is measured. The product has a target level of gain. Once the accumulated gain exceeds the target level, the product terminates and there are no further settlements.

Type Definition Detail

Type Derivation Tree

Product (extension)

FxTargetKnockoutForward

XML Source (w/o annotations (20); see within schema source)

<xsd:complexType name="FxTargetKnockoutForward">

<xsd:complexContent>

<xsd:extension base="Product">

<xsd:sequence>

<xsd:element name="quotedCurrencyPair" type="QuotedCurrencyPair"/>

<xsd:element name="notionalAmount" type="NonNegativeAmountSchedule"/>

<xsd:element maxOccurs="2" name="target" type="FxTarget"/>

<xsd:element name="expirySchedule" type="FxExpirySchedule"/>

<xsd:element minOccurs="0" name="settlementSchedule" type="FxSettlementSchedule"/>

<xsd:element minOccurs="0" name="fixingInformationSource" type="FxInformationSource"/>

<xsd:element minOccurs="0" name="spotRate" type="NonNegativeDecimal"/>

<xsd:sequence>

<xsd:sequence minOccurs="0">

<xsd:element name="pivot" type="FxPivot"/>

<xsd:element maxOccurs="unbounded" minOccurs="0" name="constantPayoffRegion" type="FxTargetConstantPayoffRegion"/>

<xsd:element name="linearPayoffRegion" type="FxTargetLinearPayoffRegion"/>

</xsd:sequence>

<xsd:sequence>

<xsd:element maxOccurs="unbounded" minOccurs="0" name="constantPayoffRegion" type="FxTargetConstantPayoffRegion"/>

<xsd:element name="linearPayoffRegion" type="FxTargetLinearPayoffRegion"/>

</xsd:sequence>

<xsd:choice maxOccurs="unbounded" minOccurs="0">

<xsd:element name="constantPayoffRegion" type="FxTargetConstantPayoffRegion"/>

<xsd:element name="linearPayoffRegion" type="FxTargetLinearPayoffRegion"/>

</xsd:choice>

</xsd:sequence>

<xsd:element maxOccurs="unbounded" minOccurs="0" name="barrier" type="FxTargetBarrier"/>

<xsd:element maxOccurs="unbounded" minOccurs="0" name="additionalPayment" type="SimplePayment"/>

<xsd:element minOccurs="0" name="cashSettlement" type="FxCashSettlementSimple"/>

<xsd:element minOccurs="0" name="settlementPeriodSchedule" type="FxTargetSettlementPeriodSchedule"/>

</xsd:sequence>

</xsd:extension>

</xsd:complexContent>

</xsd:complexType>

Content Element Detail (all declarations; defined within this component only; 18/24)

additionalPayment

Type:

SimplePayment, complex content

It supports the representation of premiums, fees, etc.

XML Source (w/o annotations (1); see within schema source)

<xsd:element maxOccurs="unbounded" minOccurs="0" name="additionalPayment" type="SimplePayment"/>

barrier

Type:

FxTargetBarrier, complex content

Generic FxTarget barrier. Element "scope" specifies whether the barrier has effect for the expiry period in which it is observed, or globally for whole product. Optional element "rebate" may be produced in conjunction with a Global Knockout barrier, to specify a rebate payable in the event of knockout.

XML Source (w/o annotations (1); see within schema source)

<xsd:element maxOccurs="unbounded" minOccurs="0" name="barrier" type="FxTargetBarrier"/>

cashSettlement

Type:

FxCashSettlementSimple, complex content

Cash settlement currency.

XML Source (w/o annotations (1); see within schema source)

<xsd:element minOccurs="0" name="cashSettlement" type="FxCashSettlementSimple"/>

constantPayoffRegion

Type:

FxTargetConstantPayoffRegion, complex content

A region in which constant payoff applies i.e. the payoff is defined as a contant currency amount or fixing adjustment, unrelated to the fixing. In absence of the "payoff" element, zero payoff is assumed (note: zero payoff does not necessarily imply that no settlement occurs).

XML Source (w/o annotations (1); see within schema source)

<xsd:element maxOccurs="unbounded" minOccurs="0" name="constantPayoffRegion" type="FxTargetConstantPayoffRegion"/>

constantPayoffRegion

Type:

FxTargetConstantPayoffRegion, complex content

It defines a region in which a digital payment occurs.

XML Source (w/o annotations (1); see within schema source)

<xsd:element maxOccurs="unbounded" minOccurs="0" name="constantPayoffRegion" type="FxTargetConstantPayoffRegion"/>

constantPayoffRegion

Type:

FxTargetConstantPayoffRegion, complex content

It defines a region in which a digital payment occurs.

XML Source (w/o annotations (1); see within schema source)

<xsd:element name="constantPayoffRegion" type="FxTargetConstantPayoffRegion"/>

expirySchedule

Type:

FxExpirySchedule, complex content

Defines the expiry/observation schedule of the target product.

XML Source (w/o annotations (1); see within schema source)

<xsd:element name="expirySchedule" type="FxExpirySchedule"/>

fixingInformationSource

Type:

FxInformationSource, complex content

Information source for fixing the exchange rate. It is the same for all fixing periods.

XML Source (w/o annotations (1); see within schema source)

<xsd:element minOccurs="0" name="fixingInformationSource" type="FxInformationSource"/>

linearPayoffRegion

Type:

FxTargetLinearPayoffRegion, complex content

A region in which linear payoff applies i.e. the payoff bears a linear relationship to the fixing value (increases/decreases linearly with the fixing).

XML Source (w/o annotations (1); see within schema source)

<xsd:element name="linearPayoffRegion" type="FxTargetLinearPayoffRegion"/>

linearPayoffRegion

Type:

FxTargetLinearPayoffRegion, complex content

A region in which linear payoff applies i.e. the payoff bears a linear relationship to the fixing value (increases/decreases linearly with the fixing).

XML Source (w/o annotations (1); see within schema source)

<xsd:element name="linearPayoffRegion" type="FxTargetLinearPayoffRegion"/>

linearPayoffRegion

Type:

FxTargetLinearPayoffRegion, complex content

A region in which linear payoff applies i.e. the payoff bears a linear relationship to the fixing value (increases/decreases linearly with the fixing).

XML Source (w/o annotations (1); see within schema source)

<xsd:element name="linearPayoffRegion" type="FxTargetLinearPayoffRegion"/>

notionalAmount

Type:

NonNegativeAmountSchedule, complex content

Notional amount of the Target.

XML Source (w/o annotations (1); see within schema source)

<xsd:element name="notionalAmount" type="NonNegativeAmountSchedule"/>

pivot

Type:

FxPivot, complex content

The boundary where the contract flips from being long and short is the pivot point. So the pivot indicates the level in which there is a change in direction of the currencies exchanged by the parties.

XML Source (w/o annotations (1); see within schema source)

<xsd:element name="pivot" type="FxPivot"/>

quotedCurrencyPair

Type:

QuotedCurrencyPair, complex content

The Quoted Currency Pair that is used accross the product.

XML Source (w/o annotations (1); see within schema source)

<xsd:element name="quotedCurrencyPair" type="QuotedCurrencyPair"/>

settlementPeriodSchedule

Type:

FxTargetSettlementPeriodSchedule, complex content

It supports the representation of a matrix/tabular approach of the product by defining a set of settlement periods.

XML Source (w/o annotations (1); see within schema source)

<xsd:element minOccurs="0" name="settlementPeriodSchedule" type="FxTargetSettlementPeriodSchedule"/>

settlementSchedule

Type:

FxSettlementSchedule, complex content

Defines the settlement/payment schedule of the target product.

XML Source (w/o annotations (1); see within schema source)

<xsd:element minOccurs="0" name="settlementSchedule" type="FxSettlementSchedule"/>

spotRate

Type:

NonNegativeDecimal, simple content

Spot rate

Simple Content

xsd:decimal

minInclusive:

XML Source (w/o annotations (1); see within schema source)

<xsd:element minOccurs="0" name="spotRate" type="NonNegativeDecimal"/>

target

Type:

FxTarget, complex content

It defines the target level of gain. Once the accumulated gain exceeds the target level, the product terminates and there are no further settlements.

XML Source (w/o annotations (1); see within schema source)

<xsd:element maxOccurs="2" name="target" type="FxTarget"/>

XML schema documentation generated with DocFlex/XML 1.10b5 using DocFlex/XML XSDDoc 2.8.1 template set. All content model diagrams generated by Altova XMLSpy via DocFlex/XML XMLSpy Integration.