element <pivot> (local)

Namespace:	http://www.fpml.org/FpML-5/confirmation
Type:	FxPivot
Content:	complex, 1 attribute, 2 elements
Defined:	locally within FxTargetKnockoutForwardStrip complexType in fpml-fx-complex-5-8.xsd; see XML source

Content Model Diagram

XML Representation Summary

<pivot

xsd:ID

Content:

initialValue, step*

</pivot>

Content model elements (2):

initialValue (defined in Schedule complexType),

step (defined in Schedule complexType)

Included in content model of elements (1):

fxTargetForward

Annotation

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"/>

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.