fpml:barrier

An option with a barrier feature.

Element information

Content

• Sequence [1..1]
  1. fpml:barrierCap [0..1]    A trigger level approached from beneath.
  2. fpml:barrierFloor [0..1]    A trigger level approached from above.

Attributes

None

Used in

• Group fpml:OptionFeature.model
• Type fpml:OptionFeatures (Element fpml:feature)
• Type fpml:OptionFeature via reference to fpml:OptionFeature.model (Element fpml:feature)

Sample instance

<barrier>
   <barrierCap>
      <schedule>
         <startDate>2002-03-29</startDate>
         <endDate>2002-07-12</endDate>
         <averagingPeriodFrequency>
            <periodMultiplier>1</periodMultiplier>
            <period>D</period>
            <rollConvention>NONE</rollConvention>
         </averagingPeriodFrequency>
      </schedule>
      <trigger>
         <level>1606.346</level>
      </trigger>
      <featurePayment>
         <payerPartyReference href="party1"/>
         <receiverPartyReference href="party2"/>
         <amount>15000000</amount>
         <time>Close</time>
         <currency>EUR</currency>
         <featurePaymentDate>
            <relativeDate>
               <periodMultiplier>3</periodMultiplier>
               <period>D</period>
               <dayType>Business</dayType>
               <businessDayConvention>NONE</businessDayConvention>
               <businessCenters>
                  <businessCenter>EUTA</businessCenter>
               </businessCenters>
               <dateRelativeTo href="expirationDate"/>
            </relativeDate>
         </featurePaymentDate>
      </featurePayment>
   </barrierCap>
</barrier>