element <payoffCap> (local)

Namespace:	http://www.fpml.org/FpML-5/confirmation
Type:	FxPayoffCap
Content:	complex, 3 elements
Defined:	locally within FxAccrualVanillaPayoffRegion complexType in fpml-fx-accruals-5-8.xsd; see XML source

Content Model Diagram

XML Representation Summary

Content:

condition, rate, settlementAdjustmentStyle

</payoffCap>

Content model elements (3):

condition (defined in FxPayoffCap complexType),

rate (defined in FxPayoffCap complexType),

settlementAdjustmentStyle (defined in FxPayoffCap complexType)

Included in content model of elements (1):

vanillaPayoffRegion (in fxAccrualForward)

Annotation

The amount of gain on the client upside or firm upside is limited. If spot settles above the cap, or below the floor, the payout is adjusted to limit the gain. The adjustment may be made by varying the strike, or by maintaining the strike, but varying the payout notionals.

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

<xsd:element maxOccurs="unbounded" minOccurs="0" name="payoffCap" type="FxPayoffCap"/>

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.