element <knockoutBarrier> (local)

Namespace:	http://www.fpml.org/FpML-5/confirmation
Type:	FxGlobalKnockout
Content:	complex, 1 attribute, 8 elements
Defined:	locally within FxTargetKnockoutForwardStrip complexType in fpml-fx-complex-5-8.xsd; see XML source

Content Model Diagram

XML Representation Summary

<knockoutBarrier

xsd:ID

Content:

style, condition, triggerRate, (observationStartDate, observationStartTime?)?, (observationEndDate, observationEndTime?)?, rebate?

</knockoutBarrier>

Content model elements (8):

condition (defined in FxBarrier.model group),

observationEndDate (defined in FxBarrier.model group),

observationEndTime (defined in FxBarrier.model group),

observationStartDate (defined in FxBarrier.model group),

observationStartTime (defined in FxBarrier.model group),

rebate,

style (in knockoutBarrier in fxTargetForward),

triggerRate (defined in FxBarrier.model group)

Included in content model of elements (1):

fxTargetForward

Annotation

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"/>

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.