Schema Central > FpML 5.5 Confirmation > fpml-eqd-5-5.xsd > fpml:equityForward
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fpml:equityForward

A component describing an Equity Forward product.

Element information

Type: fpml:EquityForward

Properties: Global, Qualified

Content

Attributes

NameOccTypeDescriptionNotes
id [0..1]xsd:IDfrom type fpml:Product

Used in

Substitution hierarchy

Sample instance

<equityForward>
   <productType>forwardStock</productType>
   <buyerPartyReference href="party2"/>
   <sellerPartyReference href="party1"/>
   <optionType>Forward</optionType>
   <underlyer>
      <singleUnderlyer>
         <equity>
            <instrumentId instrumentIdScheme="http://www.fpml.org/schemes/4.1/instrumentId">STM-FP</instrumentId>
            <description>STMicroelectronics N.V. ordinary shares</description>
            <currency>EUR</currency>
            <exchangeId exchangeIdScheme="http://www.fpml.org/schemes/4.1/exchangeId">XLDN</exchangeId>
         </equity>
         <openUnits>31000</openUnits>
         <dividendPayout>
            <dividendPayoutRatio>1</dividendPayoutRatio>
         </dividendPayout>
      </singleUnderlyer>
   </underlyer>
   <equityExercise>
      <equityEuropeanExercise>
         <expirationDate>
            <adjustableDate>
               <unadjustedDate>2004-07-13</unadjustedDate>
               <dateAdjustments>
                  <businessDayConvention>NONE</businessDayConvention>
               </dateAdjustments>
            </adjustableDate>
         </expirationDate>
         <equityExpirationTimeType>OSP</equityExpirationTimeType>
      </equityEuropeanExercise>
      <prePayment>
         <payerPartyReference href="party2"/>
         <receiverPartyReference href="party1"/>
         <prePayment>true</prePayment>
         <prePaymentAmount>
            <currency>EUR</currency>
            <amount>40500</amount>
         </prePaymentAmount>
         <prePaymentDate>
            <unadjustedDate>2004-07-13</unadjustedDate>
            <dateAdjustments>
               <businessDayConvention>NONE</businessDayConvention>
            </dateAdjustments>
         </prePaymentDate>
      </prePayment>
      <equityValuation>
         <valuationDate id="FinalValuationDate">
            <adjustableDate>
               <unadjustedDate>2004-07-13</unadjustedDate>
               <dateAdjustments>
                  <businessDayConvention>NotApplicable</businessDayConvention>
               </dateAdjustments>
            </adjustableDate>
         </valuationDate>
         <valuationTimeType>Close</valuationTimeType>
      </equityValuation>
      <settlementDate>
         <relativeDate>
            <periodMultiplier>2</periodMultiplier>
            <period>D</period>
            <dayType>CurrencyBusiness</dayType>
            <businessDayConvention>NotApplicable</businessDayConvention>
            <dateRelativeTo href="FinalValuationDate"/>
         </relativeDate>
      </settlementDate>
      <settlementCurrency>EUR</settlementCurrency>
      <settlementPriceSource>OfficialClose</settlementPriceSource>
      <settlementType>Physical</settlementType>
   </equityExercise>
   <feature>
      <asian>
         <averagingInOut>Out</averagingInOut>
         <averagingPeriodOut>
            <averagingDateTimes>
               <dateTime>2000-08-01T08:57:00</dateTime>
               <dateTime>2000-09-01T08:57:00</dateTime>
               <dateTime>2000-10-01T08:57:00</dateTime>
               <dateTime>2000-11-01T08:57:00</dateTime>
               <dateTime>2000-12-01T08:57:00</dateTime>
               <dateTime>2001-01-04T08:57:00</dateTime>
               <dateTime>2001-02-01T08:57:00</dateTime>
               <dateTime>2001-03-01T08:57:00</dateTime>
            </averagingDateTimes>
            <marketDisruption>ModifiedPostponement</marketDisruption>
         </averagingPeriodOut>
      </asian>
   </feature>
   <dividendConditions>
      <dividendReinvestment>false</dividendReinvestment>
      <dividendEntitlement>ExDate</dividendEntitlement>
      <dividendPaymentDate>
         <dividendDateReference>ExDate</dividendDateReference>
      </dividendPaymentDate>
      <dividendPeriodEffectiveDate href="TradeDate"/>
      <dividendPeriodEndDate href="FinalValuationDate"/>
      <extraOrdinaryDividends href="party1"/>
      <excessDividendAmount>RecordAmount</excessDividendAmount>
      <determinationMethod>DividendCurrency</determinationMethod>
   </dividendConditions>
   <methodOfAdjustment>CalculationAgent</methodOfAdjustment>
   <extraordinaryEvents>
      <mergerEvents>
         <shareForShare>ModifiedCalculationAgent</shareForShare>
         <shareForOther>ModifiedCalculationAgent</shareForOther>
         <shareForCombined>ModifiedCalculationAgent</shareForCombined>
      </mergerEvents>
      <tenderOffer>true</tenderOffer>
      <tenderOfferEvents>
         <shareForShare>ModifiedCalculationAgent</shareForShare>
         <shareForOther>ModifiedCalculationAgent</shareForOther>
         <shareForCombined>ModifiedCalculationAgent</shareForCombined>
      </tenderOfferEvents>
      <compositionOfCombinedConsideration>true</compositionOfCombinedConsideration>
      <additionalDisruptionEvents>
         <changeInLaw>true</changeInLaw>
         <failureToDeliver>true</failureToDeliver>
         <insolvencyFiling>false</insolvencyFiling>
         <hedgingDisruption>true</hedgingDisruption>
         <lossOfStockBorrow>true</lossOfStockBorrow>
         <increasedCostOfStockBorrow>false</increasedCostOfStockBorrow>
         <increasedCostOfHedging>false</increasedCostOfHedging>
         <determiningPartyReference href="party1"/>
      </additionalDisruptionEvents>
      <representations>
         <nonReliance>true</nonReliance>
         <agreementsRegardingHedging>true</agreementsRegardingHedging>
         <additionalAcknowledgements>true</additionalAcknowledgements>
      </representations>
      <nationalisationOrInsolvency>CancellationAndPayment</nationalisationOrInsolvency>
   </extraordinaryEvents>
   <forwardPrice>
      <currency>EUR</currency>
      <amount>10.20</amount>
   </forwardPrice>
</equityForward>

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