fpml:floatingStrikePricePerUnit

The currency amount of the strike price per unit.

Element information

Content

• Sequence [1..1]
  from type fpml:FloatingLegCalculation
  fpml:pricingDates [1..1]    Commodity Pricing Dates.
  fpml:averagingMethod [0..1]    The parties may specify a Method of Averaging where more than one pricing Dates is being specified as being applicable.
  fpml:conversionFactor [0..1]    If the Notional Quantity is specified in units that do not match the units in which the Commodity Reference Price is quoted, the scaling or conversion factor used to convert the Commodity Reference Price units into the Notional Quantity units should be stated here. If there is no conversion, this element is not intended to be used.
  fpml:rounding [0..1]    Rounding direction and precision for price values.
  Choice [0..1]
  • fpml:spread    The spread over or under the Commodity Reference Price for this leg of the trade.
  • fpml:spreadSchedule [1..*]    The spread over or under the Commodity Reference Price for this leg of the trade for each Calculation Period.
  • fpml:spreadPercentage    The spread percentage over or under the Commodity Reference Price for this leg of the trade.
  fpml:fx [0..1]    Defines how observations of FX prices are to be used to calculate a factor with which to convert the observed Commodity Reference Price to the Settlement Currency.
  1. fpml:commodity [1..1]    Identifies the underlying asset when it is a listed commodity.

Attributes

None

Used in

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

Sample instance

<floatingStrikePricePerUnit>
   <pricingDates id="pricingDates">
      <calculationPeriodsScheduleReference href="calculationPeriodsSchedule"/>
      <dayType>CommodityBusiness</dayType>
      <dayDistribution>First</dayDistribution>
   </pricingDates>
   <commodity>
      <instrumentId instrumentIdScheme="http://www.companyA.com/coding-scheme/commodity-reference-price-1-0">NATURAL GAS-S. LOUISIANA (HENRY HUB)-INSIDE FERC</instrumentId>
      <commodityBase>Natural Gas</commodityBase>
      <commodityDetails>Market Center Spot Gas</commodityDetails>
      <unit>MMBTU</unit>
      <currency>USD</currency>
      <publication>
         <rateSource>Gas-Daily</rateSource>
         <rateSourcePage>Daily price survey ($/MMBtu): Louisiana-Onshore South</rateSourcePage>
         <rateSourcePageHeading>Henry Hub</rateSourcePageHeading>
      </publication>
      <specifiedPrice>Midpoint</specifiedPrice>
   </commodity>
</floatingStrikePricePerUnit>