element <automaticExercise> (local)

Namespace: | http://www.fpml.org/FpML-5/confirmation
Type: | Empty
Content: | empty
Defined: | locally witnin ExerciseProcedureOption complexType in fpml-shared-5-5.xsd; see XML source

Content Model Diagram

XML Representation Summary
<automaticExercise/>

Included in content model of elements (1):

  exerciseProcedure (in optionExpiry defined in Events.model group)

Annotation
If automatic is specified then the notional amount of the underlying swap, not previously exercised under the swaption will be automatically exercised at the expriration time on the expiration date if at such time the buyer is in-the-money, provided that the difference between the settlement rate and the fixed rate under the relevant underlying swap is not less than the specified threshold rate. The term in-the-money is assumed to have the meaning defining in the 2000 ISDA Definitions, Section 17.4 In-the-money.
XML Source (w/o annotations (1); see within schema source)

<xsd:element name="automaticExercise" type="Empty"/>

XML schema documentation generated with DocFlex/XML 1.8.6b2 using DocFlex/XML XSDDoc 2.5.1 template set. All content model diagrams generated by Altova XMLSpy via DocFlex/XML XMLSpy Integration.