fpml:exercise

Element information

Content

• Sequence [1..1]
  1. Choice [1..1]
     • fpml:americanExercise    The parameters for defining the expiration date for an American option.
     • fpml:europeanExercise    The parameters for defining the expiration date and time for a European or Asian style option. For an Asian style option the expiration date is equivalent to the termination date.
  2. fpml:automaticExercise [0..1]    Specifies whether or not Automatic Exercise applies to a Commodity Option Transaction.
  3. fpml:writtenConfirmation [0..1]    Specifies whether or not Written Confirmation applies to a Commodity Option Transaction.
  4. fpml:settlementCurrency [1..1]    The currency into which the Commodity Option Transaction will settle. If this is not the same as the currency in which the Commodity Reference Price is quoted, then an FX determination method should also be specified.
  5. fpml:fx [0..1]    FX observations to be used to convert the observed Commodity Reference Price to the Settlement Currency.
  6. fpml:conversionFactor [0..1]    If the Notional Quantity is specified in a unit that does not match the unit in which the Commodity Reference Price is quoted, the scaling or conversion factor used to convert the Commodity Reference Price unit into the Notional Quantity unit should be stated here. If there is no conversion, this element is not intended to be used.
  from group fpml:CommodityPaymentDates.model
  Choice [1..1]
  • fpml:relativePaymentDates    The Payment Dates of the trade relative to the Calculation Periods.
  from group fpml:CommodityNonPeriodicPaymentDates.model
  fpml:paymentDates    Dates on which payments will be made.
  fpml:masterAgreementPaymentDates    If present and true indicates that the Payment Date(s) are specified in the relevant master agreement.

Attributes

None

Used in

• Group fpml:CommodityWeatherOption.model
• Type fpml:CommodityOption via reference to fpml:CommodityWeatherOption.model (Element fpml:commodityOption)

Substitution hierarchy

• fpml:exercise
  • can be substituted with fpml:americanExercise
  • can be substituted with fpml:bermudaExercise
  • can be substituted with fpml:europeanExercise

Sample instance

<exercise>
   <europeanExercise>
      <expirationDate>
         <adjustableDate>
            <unadjustedDate>2007-06-30</unadjustedDate>
            <dateAdjustments>
               <businessDayConvention>NotApplicable</businessDayConvention>
            </dateAdjustments>
         </adjustableDate>
      </expirationDate>
   </europeanExercise>
   <settlementCurrency>USD</settlementCurrency>
   <relativePaymentDates>
      <payRelativeTo>CalculationPeriodEndDate</payRelativeTo>
      <calculationPeriodsReference href="CalculationPeriods"/>
      <paymentDaysOffset>
         <periodMultiplier>5</periodMultiplier>
         <period>D</period>
         <dayType>Business</dayType>
         <businessDayConvention>NONE</businessDayConvention>
      </paymentDaysOffset>
   </relativePaymentDates>
</exercise>