fpml:feature

Asian, Barrier, Knock and Pass Through features.

Element information

Content

• Sequence [1..1]
  1. fpml:asian [0..1]    An option where and average price is taken on valuation.
  2. fpml:barrier [0..1]    An option with a barrier feature.
  3. fpml:knock [0..1]    A knock feature.
  4. fpml:passThrough [0..1]    Pass through payments from the underlyer, such as dividends.
  5. fpml:dividendAdjustment [0..1]    Dividend adjustment of the contract is driven by the difference between the Expected Dividend, and the Actual Dividend, which is multiplied by an agreed Factor to produce a Deviation, which is used as the basis for adjusting the contract. The parties acknowledge that in determining the Call Strike Price of the Transaction the parties have assumed that the Dividend scheduled to be paid by the Issuer to holders of record of the Shares, in the period set out in Column headed Relevant Period will equal per Share the amount stated in respect of such Relevant Period.

Attributes

None

Used in

• Group fpml:Feature.model
• Type fpml:EquityDerivativeBase via reference to fpml:Feature.model
• Type fpml:EquityDerivativeLongFormBase via reference to fpml:Feature.model
• Type fpml:EquityDerivativeShortFormBase via reference to fpml:Feature.model
• Type fpml:BrokerEquityOption via reference to fpml:Feature.model (Element fpml:brokerEquityOption)
• Type fpml:EquityForward via reference to fpml:Feature.model (Element fpml:equityForward)
• Type fpml:EquityOption via reference to fpml:Feature.model (Element fpml:equityOption)
• Type fpml:EquityOptionTransactionSupplement via reference to fpml:Feature.model (Element fpml:equityOptionTransactionSupplement)

Sample instance

<feature>
   <knock>
      <knockOut>
         <trigger>
            <creditEventsReference href="CREDITEVENT"/>
         </trigger>
      </knockOut>
   </knock>
</feature>