element <fxAccrualOption> (global)
Namespace:
http://www.fpml.org/FpML-5/confirmation
Type:
FxAccrualOption
Content:
complex, 1 attribute, 25 elements
Subst.Gr:
substitutes for product
Defined:
globally in fpml-fx-accruals-5-13.xsd; see XML source
Used:
never
Component Diagram
XML Representation Summary
<fxAccrualOption
   
id
 = 
xsd:ID
   
>
   
Content: 
(primaryAssetClass?, secondaryAssetClass*, productType*, productId*, assetClass*)?, buyerPartyReference, buyerAccountReference?, sellerPartyReference, sellerAccountReference?, putCurrency, callCurrency, notionalAmount, accrual, (expiryDate | expirySchedule), (settlementDate | settlementSchedule), exerciseProcedure?, spotRate?, ((strike, counterCurrencyAmount?) | averageStrike), averageRate?, barrier*, premium*
</fxAccrualOption>
Content model elements (25):
accrual (in fxAccrualOption),
assetClass,
averageRate (in fxAccrualOption),
averageStrike (in fxAccrualOption),
barrier (in fxAccrualOption),
buyerAccountReference,
buyerPartyReference (defined in BuyerSeller.model group),
callCurrency,
counterCurrencyAmount (in fxAccrualOption),
exerciseProcedure (in fxAccrualOption),
expiryDate (defined in FxExpiryDateOrSchedule.model group),
expirySchedule (defined in FxExpiryDateOrSchedule.model group),
notionalAmount (in fxAccrualOption),
premium (in fxAccrualOption),
primaryAssetClass,
productId (defined in Product.model group),
productType (defined in Product.model group),
putCurrency,
secondaryAssetClass,
sellerAccountReference,
sellerPartyReference (defined in BuyerSeller.model group),
settlementDate (defined in FxSettlementDateOrSchedule.model group),
settlementSchedule (defined in FxSettlementDateOrSchedule.model group),
spotRate (in fxAccrualOption),
strike (in fxAccrualOption)
May be included in elements by substitutions (24):
feeTrade,
newTrade,
oldTrade (defined in TradeChangeContent complexType),
oldTrade (in novation),
originalTrade (defined in OptionExercise complexType),
originalTrade (defined in TradeChangeBase complexType),
originalTrade (in optionEvent),
originalTrade (in optionExpiry defined in OptionsEventsBase.model group),
physicalSettlement (defined in OptionExercise complexType),
physicalSettlement (in noTouch),
physicalSettlement (in touch in optionEvent),
resultingTrade (defined in PhysicalSettlement complexType),
resultingTrade (defined in TradeChangeBase complexType),
strategy,
trade (defined in DataDocument complexType),
trade (defined in TradeAmendmentContent complexType),
trade (defined in TradeChangeContent complexType),
trade (defined in TradeOrInfo.model group),
trade (defined in TradePackage complexType),
trade (defined in TradingEventsBase.model group),
trade (in affectedTransactions),
trade (in approvalStatusNotification),
trade (in clearingStatusItem),
trade (in withdrawal)
Annotation
A financial contract between two parties (the buyer and the seller) that provides the buyer the right to buy a currency (or receive a payment) at expiry. The distinctive characteristic of this contract is that the Notional to be transacted at expiry is uncertain and depends on the amount of time that the underlying currency trades within a pre-set level, or levels (the 'accrual barrier', or 'barriers'). The total Notional is only known at the end of the accrual period, and this extra uncertainty can make an accrual option substantially cheaper than the comparable vanilla one.
XML Source (w/o annotations (1); see within schema source)
<xsd:element name="fxAccrualOption" substitutionGroup="product" type="FxAccrualOption"/>
XML schema documentation generated with FlexDoc/XML 1.12.2 using FlexDoc/XML XSDDoc 2.9.1 template set. All XSD diagrams generated by FlexDoc/XML DiagramKit.