complexType "FxTargetKnockoutForwardStrip"
Namespace:
http://www.fpml.org/FpML-5/confirmation
Content:
complex, 1 attribute, 21 elements
Defined:
globally in fpml-fx-complex-5-8.xsd; see XML source
Includes:
definitions of 16 elements
Used:
at 1 location
Content Model Diagram
XML Representation Summary
<...
   
 = 
xsd:ID
   
>
   
Content: 
</...>
Content Model Elements (21):
productId (defined in Product.model group),
productType (defined in Product.model group),
All Direct / Indirect Based Elements (1):
fxTargetForward
Known Usage Locations
Annotation
A structured forward product which consists of a strip of forwards. Each forward may be settled as an exchange of currencies or cash settled. At each settlement, the amount of gain that one party achieves is measured. The product has a target level of gain. Once the accumulated gain exceeds the target level, the product terminates and there are no further settlements.
Type Definition Detail
Type Derivation Tree
Product (extension)
  FxTargetKnockoutForwardStrip
XML Source (w/o annotations (17); see within schema source)
<xsd:complexType name="FxTargetKnockoutForwardStrip">
<xsd:complexContent>
<xsd:extension base="Product">
<xsd:sequence>
<xsd:sequence>
<xsd:element name="quotedCurrencyPair" type="QuotedCurrencyPair"/>
<xsd:element name="notionalAmount" type="NonNegativeAmountSchedule"/>
<xsd:element maxOccurs="unbounded" minOccurs="0" name="counterCurrencyAmount" type="FxCounterCurrencyAmount"/>
<xsd:element name="expirySchedule" type="FxExpirySchedule"/>
<xsd:element name="settlementSchedule" type="FxSettlementSchedule"/>
<xsd:element name="fixingInformationSource" type="FxInformationSource"/>
<!--2015-02-05: renamed from "initialSpotRate" to spotRate to align all FX products-->
<xsd:element minOccurs="0" name="spotRate" type="NonNegativeDecimal"/>
<xsd:choice>
<xsd:sequence>
<xsd:element name="pivot" type="FxPivot"/>
<xsd:element maxOccurs="unbounded" minOccurs="2" name="vanillaPayoffRegion" type="FxVanillaPayoffRegion"/>
</xsd:sequence>
<xsd:sequence>
<xsd:element maxOccurs="unbounded" name="vanillaPayoffRegion" type="FxVanillaPayoffRegion"/>
</xsd:sequence>
</xsd:choice>
<xsd:element maxOccurs="unbounded" minOccurs="0" name="digitalPayoffRegion" type="FxDigitalPayoffRegion"/>
<xsd:element maxOccurs="unbounded" minOccurs="0" name="zeroPayoffRegion" type="FxZeroPayoffRegion"/>
<xsd:element name="target" type="FxTarget"/>
<!--2015-02-05:FpML FX WG: agreed to rename "globalKnockout" to "knockoutBarrier" -->
<xsd:element maxOccurs="unbounded" minOccurs="0" name="knockoutBarrier" type="FxGlobalKnockout"/>
<xsd:element maxOccurs="unbounded" minOccurs="0" name="perExpiryBarrier" type="FxPerExpiryBarrier"/>
<xsd:element maxOccurs="unbounded" minOccurs="0" name="additionalPayment" type="SimplePayment"/>
</xsd:sequence>
</xsd:sequence>
</xsd:extension>
</xsd:complexContent>
</xsd:complexType>
Content Element Detail (all declarations; defined within this component only; 16/21)
additionalPayment
Type:
SimplePayment, complex content
It supports the representation of premiums, fees, etc.
XML Source (w/o annotations (1); see within schema source)
<xsd:element maxOccurs="unbounded" minOccurs="0" name="additionalPayment" type="SimplePayment"/>
counterCurrencyAmount
Type:
FxCounterCurrencyAmount, complex content
The opposite currency amount of the Target.
XML Source (w/o annotations (1); see within schema source)
<xsd:element maxOccurs="unbounded" minOccurs="0" name="counterCurrencyAmount" type="FxCounterCurrencyAmount"/>
digitalPayoffRegion
Type:
FxDigitalPayoffRegion, complex content
It defines a region in which a digital payment occurs.
XML Source (w/o annotations (1); see within schema source)
<xsd:element maxOccurs="unbounded" minOccurs="0" name="digitalPayoffRegion" type="FxDigitalPayoffRegion"/>
expirySchedule
Type:
FxExpirySchedule, complex content
Defines the expiry/observation schedule of the target product.
XML Source (w/o annotations (1); see within schema source)
<xsd:element name="expirySchedule" type="FxExpirySchedule"/>
fixingInformationSource
Type:
FxInformationSource, complex content
Information source for fixing the exchange rate. It is the same for all fixing periods.
XML Source (w/o annotations (1); see within schema source)
<xsd:element name="fixingInformationSource" type="FxInformationSource"/>
knockoutBarrier
Type:
FxGlobalKnockout, complex content
A TARF with a full knock out feature i.e. it applies to the trade as a whole; If spot settles Above/below the Barrier, the product terminates. The Global Knockout barrier may be American (i.e. continuous) or European (i.e. applying only at the settlement fixing dates). There is a variation where a rebate is payable on the KO.
XML Source (w/o annotations (1); see within schema source)
<xsd:element maxOccurs="unbounded" minOccurs="0" name="knockoutBarrier" type="FxGlobalKnockout"/>
notionalAmount
Type:
NonNegativeAmountSchedule, complex content
Notional amount of the Target.
XML Source (w/o annotations (1); see within schema source)
<xsd:element name="notionalAmount" type="NonNegativeAmountSchedule"/>
perExpiryBarrier
Type:
FxPerExpiryBarrier, complex content
TARF with a European KI Barrier. Each settlement has a european KI barrier on the client side or the firm side.
XML Source (w/o annotations (1); see within schema source)
<xsd:element maxOccurs="unbounded" minOccurs="0" name="perExpiryBarrier" type="FxPerExpiryBarrier"/>
pivot
Type:
FxPivot, complex content
The boundary where the contract flips from being long and short is the pivot point. So the pivot indicates the level in which there is a change in direction of the currencies exchanged by the parties.
XML Source (w/o annotations (1); see within schema source)
<xsd:element name="pivot" type="FxPivot"/>
quotedCurrencyPair
Type:
QuotedCurrencyPair, complex content
The Quoted Currency Pair that is used accross the product.
XML Source (w/o annotations (1); see within schema source)
<xsd:element name="quotedCurrencyPair" type="QuotedCurrencyPair"/>
settlementSchedule
Type:
FxSettlementSchedule, complex content
Defines the settlement/payment schedule of the target product.
XML Source (w/o annotations (1); see within schema source)
<xsd:element name="settlementSchedule" type="FxSettlementSchedule"/>
spotRate
Type:
NonNegativeDecimal, simple content
Spot rate
Simple Content
xsd:decimal
minInclusive:
0
XML Source (w/o annotations (1); see within schema source)
<xsd:element minOccurs="0" name="spotRate" type="NonNegativeDecimal"/>
target
Type:
FxTarget, complex content
It defines the target level of gain. Once the accumulated gain exceeds the target level, the product terminates and there are no further settlements.
XML Source (w/o annotations (1); see within schema source)
<xsd:element name="target" type="FxTarget"/>
vanillaPayoffRegion
Type:
FxVanillaPayoffRegion, complex content
A region in which a vanilla payoff occurs. In case of a Pivot Target, at least two vanilla payoff regions are provided, each one with a specific direction of the currencies exchanged by the parties.
XML Source (w/o annotations (1); see within schema source)
<xsd:element maxOccurs="unbounded" minOccurs="2" name="vanillaPayoffRegion" type="FxVanillaPayoffRegion"/>
vanillaPayoffRegion
Type:
FxVanillaPayoffRegion, complex content
A region in which a vanilla payoff occurs.
XML Source (w/o annotations (1); see within schema source)
<xsd:element maxOccurs="unbounded" name="vanillaPayoffRegion" type="FxVanillaPayoffRegion"/>
zeroPayoffRegion
Type:
FxZeroPayoffRegion, complex content
It defines zero settlement region. There is no exchange of currencies. A zero payoff must not be represented using the digital payoff structure with zero amount.
XML Source (w/o annotations (1); see within schema source)
<xsd:element maxOccurs="unbounded" minOccurs="0" name="zeroPayoffRegion" type="FxZeroPayoffRegion"/>
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.