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

A component describing an Equity Option product.

Element information

Type: fpml:EquityOption

Properties: Global, Qualified

Content

Attributes

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

Used in

Substitution hierarchy

Sample instance

<equityOption>
   <productType>americanCallStock</productType>
   <buyerPartyReference href="party2"/>
   <sellerPartyReference href="party1"/>
   <optionType>Call</optionType>
   <underlyer>
      <singleUnderlyer>
         <equity>
            <instrumentId instrumentIdScheme="http://www.fpml.org/schemes/4.1/instrumentId">STM-FP</instrumentId>
            <description>STMicroelectronics N.V. ordinary shares</description>
            <exchangeId exchangeIdScheme="http://www.fpml.org/schemes/4.1/exchangeId">XNSE</exchangeId>
         </equity>
      </singleUnderlyer>
   </underlyer>
   <equityExercise>
      <equityAmericanExercise>
         <commencementDate>
            <adjustableDate>
               <unadjustedDate>2001-07-13</unadjustedDate>
               <dateAdjustments>
                  <businessDayConvention>NONE</businessDayConvention>
               </dateAdjustments>
            </adjustableDate>
         </commencementDate>
         <expirationDate>
            <adjustableDate>
               <unadjustedDate>2005-09-27</unadjustedDate>
               <dateAdjustments>
                  <businessDayConvention>NONE</businessDayConvention>
               </dateAdjustments>
            </adjustableDate>
         </expirationDate>
         <latestExerciseTime>
            <hourMinuteTime>17:15:00</hourMinuteTime>
            <businessCenter>GBLO</businessCenter>
         </latestExerciseTime>
         <latestExerciseTimeType>SpecificTime</latestExerciseTimeType>
         <equityExpirationTimeType>Close</equityExpirationTimeType>
         <equityMultipleExercise>
            <integralMultipleExercise>1</integralMultipleExercise>
            <minimumNumberOfOptions>1</minimumNumberOfOptions>
            <maximumNumberOfOptions>150000</maximumNumberOfOptions>
         </equityMultipleExercise>
      </equityAmericanExercise>
      <automaticExercise>true</automaticExercise>
      <equityValuation>
         <valuationTimeType>Close</valuationTimeType>
      </equityValuation>
      <settlementCurrency>EUR</settlementCurrency>
      <settlementPriceSource>OfficialClose</settlementPriceSource>
      <settlementType>Election</settlementType>
      <settlementMethodElectionDate>
         <adjustableDate>
            <unadjustedDate>2004-09-27</unadjustedDate>
            <dateAdjustments>
               <businessDayConvention>NONE</businessDayConvention>
            </dateAdjustments>
         </adjustableDate>
      </settlementMethodElectionDate>
      <settlementMethodElectingPartyReference href="party1"/>
   </equityExercise>
   <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>
   <strike>
      <strikePrice>32.00</strikePrice>
   </strike>
   <numberOfOptions>150000</numberOfOptions>
   <optionEntitlement>1.00</optionEntitlement>
   <equityPremium>
      <payerPartyReference href="party2"/>
      <receiverPartyReference href="party1"/>
      <paymentAmount>
         <currency>EUR</currency>
         <amount>405000</amount>
      </paymentAmount>
      <paymentDate>
         <unadjustedDate>2001-07-17Z</unadjustedDate>
         <dateAdjustments>
            <businessDayConvention>NONE</businessDayConvention>
         </dateAdjustments>
      </paymentDate>
      <pricePerOption>
         <currency>EUR</currency>
         <amount>2.70</amount>
      </pricePerOption>
   </equityPremium>
</equityOption>

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