FpML Issues Tracker
The exercise structure needs factoring:
EquityEuropeanExercise expirationDate equityExpirationTimeType equityExpirationTime
AmericanExercise commencementDate expirationDate relevantUnderlyingDate earliestExerciseTime latestExerciseTime expirationTime multipleExercise exerciseFeeSchedule
BermudaExercise bermudaExerciseDates relevantUnderlyingDate earliestExerciseTime latestExerciseTime multipleExercise exerciseFeeSchedule
EuropeanExercise expirationDate relevantUnderlyingDate earliestExerciseTime expirationTime partialExercise exerciseFee
SharedAmericanExercise commencementDate expirationDate latestExerciseTime
The changes required: 1. Standardize on the use of date or time for dateTime fields. 2. Factor latestExpirationTime and lastExerciseTime into Exercise supertype
03/07/07 11:59 am
JPM supports this ( AJ, AP, MR, HMcA )
04/04/07 12:17 pm
Andrew – please progress.
03/10/08 9:06 am
Proposal adopted by consensus at FpML EQD WG Meeting 1400 LDN Fri 07 March 2008 as per branch FpML-5-0-EQD-1 at rev. 3397
Please see also attached proposal document, but note that element automaticExercise is now optional, as this is specified in MCA
MTF should study moving content into Exercise abstract base class
05/30/08 5:17 pm
– EQD exercise types should derive from the general shared types (e.g. EquityAmericanExercise from AmericanExercise)
– If EQD requires changes to the base types to be able to do this, that group should recommend the specific changes that are required.
06/12/20 5:50 am
- Agreed to remodel the equities products in version 6.0.
- We’ll keep the proposal under consideration.
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