element <direction> (local)

Namespace: | http://www.fpml.org/FpML-5/recordkeeping
Type: | FxBarrierDirectionEnum
Content: | simple
Defined: | locally witnin FxBarrierFeature complexType in fpml-fx-5-5.xsd; see XML source

Content Model Diagram

XML Representation Summary
<direction>
| Content: | { enumeration of xsd:token }
</direction>

Simple Content Detail:

Enumeration: |
"Down" | - | The barrier is triggered if the observed rate is at or below the barrier level during the period of observation, or at the time of observation. See: http://www.FpML.org
"Up" | - | The barrier is triggered if the observed rate is at or above the barrier level during the period of observation, or at the time of observation. See: http://www.FpML.org

Included in content model of elements (2):

  barrier (in features in fxOption), | barrier (in features in fxOption)

Annotation
This specifies whether the barrier direction is "Up" or "Down"; that is, that a barrier event occurs if the spot rate is at or above the trigger rate, or at or below the trigger rate during the period of observation of an american barrier, or at the times of observation of a discrete or european barrier.
XML Source (w/o annotations (1); see within schema source)

<xsd:element minOccurs="0" name="direction" type="FxBarrierDirectionEnum"/>

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.