complexType "FxAccrualOption"
Namespace:
http://www.fpml.org/FpML-5/confirmation
Content:
complex, 1 attribute, 25 elements
Defined:
globally in fpml-fx-accruals-5-8.xsd; see XML source
Includes:
definitions of 10 elements
Used:
at 1 location
Content Model Diagram
XML Representation Summary
<...
   
 = 
xsd:ID
   
>
   
Content: 
</...>
Content Model Elements (25):
accrualProcess (in fxAccrualOption),
assetClass,
averageRate (in fxAccrualOption),
averageStrike (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),
knockoutBarrier (in fxAccrualOption),
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)
All Direct / Indirect Based Elements (1):
fxAccrualOption
Known Usage Locations
Annotation
An FX Accrual Option product The product defines a list of fixing (or observation) dates. There are m total fixings. At the expiry date of the product, the buyer of the option has the right to an FX settlement with n/m * Notional. Payout can be cash or physical.
Type Definition Detail
Type Derivation Tree
Product (extension)
  Option (extension)
      FxAccrualOption
XML Source (w/o annotations (14); see within schema source)
<xsd:complexType name="FxAccrualOption">
<xsd:complexContent>
<xsd:extension base="Option">
<xsd:sequence>
<!--2015-02-05: FpML FX WG: agreed to remove "effectiveDate" of type "AdjustableOrRelativeDate" and "tenorPeriod" of type "Period". Rationale: it is not clear where you need this information. We could always add it back when we see the requirements.-->
<!--What defines the underlying product that is going to be paid-->
<xsd:group ref="PutCallCurrency.model"/>
<xsd:sequence>
<!--2015-02-05: FpML FX WG: agreed to replace "notionalAmount" element's "NonNegativeMoney" type with "NonNegativeAmountSchedule" type to support Strips, contract with multiple notionals -->
<xsd:element name="notionalAmount" type="NonNegativeAmountSchedule"/>
<!--2015-02-05: FpML FX WG: agreed to replace "counterCurrencyAmount" element's "NonNegativeMoney" type with "NonNegativeAmountSchedule" type to support Strips, contract with multiple notionals -->
<!--2015-01-15:FpML FX WG: the counterCurrencyAmount element should not be unbounded-->
<xsd:element minOccurs="0" name="counterCurrencyAmount" type="FxCounterCurrencyAmount"/>
</xsd:sequence>
<xsd:group ref="FxExpiryDateOrSchedule.model"/>
<xsd:element minOccurs="0" name="exerciseProcedure" type="ExerciseProcedure"/>
<!--2015-02-05: renamed back to spotRate to align all FX products-->
<!--2015-02-02: renamed from spotRate-->
<xsd:element minOccurs="0" name="spotRate" type="PositiveDecimal"/>
<xsd:choice>
<xsd:element name="strike" type="FxStrikePrice"/>
<!--2015-01-29: FpML FX WG: added support for Average Strike Accrual Option-->
<xsd:element name="averageStrike" type="FxAverageStrike"/>
</xsd:choice>
<!--2015-01-29: FpML FX WG: added support for Average Rate Accrual Option-->
<xsd:element minOccurs="0" name="averageRate" type="FxAverageRate"/>
<xsd:element name="accrualProcess" type="FxAccrualProcess"/>
<!--2015-02-05:FpML FX WG: agreed to rename "accrualKnockoutBarrier" to "knockoutBarrier" -->
<xsd:element maxOccurs="unbounded" minOccurs="0" name="knockoutBarrier" type="FxAccrualKnockoutBarrier"/>
<xsd:element maxOccurs="unbounded" minOccurs="0" name="premium" type="FxOptionPremium"/>
</xsd:sequence>
</xsd:extension>
</xsd:complexContent>
</xsd:complexType>
Content Element Detail (all declarations; defined within this component only; 10/25)
accrualProcess
Type:
FxAccrualProcess, complex content
Describes accrual features within the product.
XML Source (w/o annotations (1); see within schema source)
<xsd:element name="accrualProcess" type="FxAccrualProcess"/>
averageRate
Type:
FxAverageRate, complex content
Average Rate: means the average of the Reference Spot Rate on each Business Day from and including the Calculation Start Date up to and including the Calculation End Date rounded to the precision decimal places.
XML Source (w/o annotations (1); see within schema source)
<xsd:element minOccurs="0" name="averageRate" type="FxAverageRate"/>
averageStrike
Type:
FxAverageStrike, complex content
Average Strike: means the average of the Reference Spot Rate on each Business Day from and including the Calculation Start Date up to and including the Calculation End Date rounded to the precision decimal places.
XML Source (w/o annotations (1); see within schema source)
<xsd:element name="averageStrike" type="FxAverageStrike"/>
counterCurrencyAmount
Type:
FxCounterCurrencyAmount, complex content
The opposite currency amount the amount which is not always deterministicl.
XML Source (w/o annotations (1); see within schema source)
<xsd:element minOccurs="0" name="counterCurrencyAmount" type="FxCounterCurrencyAmount"/>
exerciseProcedure
Type:
ExerciseProcedure, complex content
A set of parameters defining procedures associated with the exercise.
XML Source (w/o annotations (1); see within schema source)
<xsd:element minOccurs="0" name="exerciseProcedure" type="ExerciseProcedure"/>
knockoutBarrier
Type:
FxAccrualKnockoutBarrier, complex content
Defines a knockout barrier conditions where if a barrier event occurs, the accrual process is terminated for the duration of all remainin accrual periods. Settlement rights for the next settlement are either retained or extinguished.
XML Source (w/o annotations (1); see within schema source)
<xsd:element maxOccurs="unbounded" minOccurs="0" name="knockoutBarrier" type="FxAccrualKnockoutBarrier"/>
notionalAmount
Type:
NonNegativeAmountSchedule, complex content
Notional amount Schedule. The notional value of the product. This number divided by the total number of fixings in the fixing schedule is the amount that is accrued at each fixing if the accrual factor is one.
XML Source (w/o annotations (1); see within schema source)
<xsd:element name="notionalAmount" type="NonNegativeAmountSchedule"/>
premium
Type:
FxOptionPremium, complex content
Premium amount or premium installment amount for an option.
XML Source (w/o annotations (1); see within schema source)
<xsd:element maxOccurs="unbounded" minOccurs="0" name="premium" type="FxOptionPremium"/>
spotRate
Type:
PositiveDecimal, simple content
An optional element used for FX forwards and certain types of FX OTC options. For deals consumated in the FX Forwards Market, this represents the current market rate for a particular currency pair. For barrier and digital/binary options, it can be useful to include the spot rate at the time the option was executed to make it easier to know whether the option needs to move "up" or "down" to be triggered.
Simple Content
xsd:decimal
minExclusive:
0
XML Source (w/o annotations (1); see within schema source)
<xsd:element minOccurs="0" name="spotRate" type="PositiveDecimal"/>
strike
Type:
FxStrikePrice, complex content
Defines the option strike price.
XML Source (w/o annotations (1); see within schema source)
<xsd:element name="strike" type="FxStrikePrice"/>
XML schema documentation generated with DocFlex/XML 1.9.0 using DocFlex/XML XSDDoc 2.8.0 template set. All content model diagrams generated by Altova XMLSpy via DocFlex/XML XMLSpy Integration.