fpml:cashSettlement
Specifies the currency and fixing details for cash settlement. This optional element is produced only where it has been specified at execution time that the option wlll be settled into a single cash payment - for example, in the case of a non-deliverable option (although note that an Fx option may be contractually cash settled, without necessarily being non-deliverable).
Element information
Namespace: http://www.fpml.org/FpML-5/confirmation
Schema document: fpml-fx-5-5.xsd
Other elements with the same name: fpml:cashSettlement, fpml:cashSettlement, fpml:cashSettlement, fpml:cashSettlement
Type: fpml:FxCashSettlement
Properties: Local, Qualified
Content
- Sequence [1..1]
- fpml:settlementCurrency [1..1] The currency in which cash settlement occurs for non-deliverable forwards and cash-settled options (non-deliverable or otherwise).
- fpml:referenceCurrency [0..1]
- fpml:notionalAmount [0..1] The amount of money that the settlement will be derived from.
- Choice [0..1]
- fpml:fixing [1..*] Specifies the source for and timing of a fixing of an exchange rate. This is used in the agreement of non-deliverable forward trades as well as various types of FX OTC options that require observations against a particular rate. This element is optional, permitting it to be omitted where fixing details are unavailable at the point of message creation. It has multiple occurrence to support the case where fixing details must be specified for more than one currency pair e.g. on an option settled into a third currency (that is not one of the option currencies).
- fpml:rateSourceFixing [1..*] Specifies the source for and timing of a fixing of an exchange rate. This is used in the agreement of non-deliverable forward trades as well as various types of FX OTC options that require observations against a particular rate. This element is optional, permitting it to be omitted where fixing details are unavailable at the point of message creation. It has multiple occurrence to support the case where fixing details must be specified for more than one currency pair e.g. on an option settled into a third currency (that is not one of the option currencies).
- fpml:settlementDate [0..1] The date on which settlement is scheduled to occur
Attributes
None
Used in
- Type fpml:FxOption (Element fpml:fxOption)
Sample instance
<cashSettlement>true</cashSettlement>