fpml:equityPremium

The equity option premium payable by the buyer to the seller.

Element information

Content

• Sequence [1..1]
  from group fpml:PayerReceiver.model
  fpml:payerPartyReference [1..1]    A reference to the party responsible for making the payments defined by this structure.
  fpml:payerAccountReference [0..1]    A reference to the account responsible for making the payments defined by this structure.
  fpml:receiverPartyReference [1..1]    A reference to the party that receives the payments corresponding to this structure.
  fpml:receiverAccountReference [0..1]    A reference to the account that receives the payments corresponding to this structure.
  1. fpml:premiumType [0..1]    Forward start Premium type
  2. fpml:paymentAmount [0..1]    The currency amount of the payment.
  3. fpml:paymentDate [0..1]    The payment date. This date is subject to adjustment in accordance with any applicable business day convention.
  4. fpml:swapPremium [0..1]    Specifies whether or not the premium is to be paid in the style of payments under an interest rate swap contract.
  5. fpml:pricePerOption [0..1]    The amount of premium to be paid expressed as a function of the number of options.
  6. fpml:percentageOfNotional [0..1]    The amount of premium to be paid expressed as a percentage of the notional value of the transaction. A percentage of 5% would be expressed as 0.05.

Attributes

Used in

• Type fpml:EquityDerivativeShortFormBase
• Type fpml:EquityOption (Element fpml:equityOption)
• Type fpml:BrokerEquityOption via extension of fpml:EquityDerivativeShortFormBase (Element fpml:brokerEquityOption)
• Type fpml:EquityOptionTransactionSupplement via extension of fpml:EquityDerivativeShortFormBase (Element fpml:equityOptionTransactionSupplement)

Sample instance

<equityPremium>
   <payerPartyReference href="party2"/>
   <receiverPartyReference href="party1"/>
   <paymentAmount>
      <currency>EUR</currency>
      <amount>405000</amount>
   </paymentAmount>
   <paymentDate>
      <unadjustedDate>2002-07-17</unadjustedDate>
      <dateAdjustments>
         <businessDayConvention>NONE</businessDayConvention>
      </dateAdjustments>
   </paymentDate>
   <pricePerOption>
      <currency>EUR</currency>
      <amount>2.70</amount>
   </pricePerOption>
</equityPremium>