fpml:exchangeTradedContractNearest
For an index option transaction, a flag used in conjuction with Futures Price Valuation (ISDA defined term) to indicate whether the Nearest Index Contract provision is applicable. The Nearest Index Contract provision is a rule for determining the Exchange-traded Contract (ISDA defined term) without having to explicitly state the actual contract, delivery month and exchange on which it is traded.
Element information
Namespace: http://www.fpml.org/FpML-5/confirmation
Schema document: fpml-eqd-5-5.xsd
Other elements with the same name: fpml:exchangeTradedContractNearest, fpml:exchangeTradedContractNearest
Type: xsd:boolean
Properties: Local, Qualified
Content
Used in
Sample instance
<exchangeTradedContractNearest>true</exchangeTradedContractNearest>