fpml:optionType
The type of option transaction. From a usage standpoint, put/call is the default option type, while payer/receiver indicator is used for options index credit default swaps, consistently with the industry practice. Straddle is used for the case of straddle strategy, that combine a call and a put with the same strike.
Element information
Namespace: http://www.fpml.org/FpML-5/confirmation
Schema document: fpml-option-shared-5-5.xsd
Other elements with the same name: fpml:optionType, fpml:optionType, fpml:optionType, fpml:optionType
Type: fpml:OptionTypeEnum
Properties: Local, Qualified
Content
- Type based on xsd:token
Valid value Description Put A put option gives the holder the right to sell the underlying asset by a certain date for a certain price. Call A call option gives the holder the right to buy the underlying asset by a certain date for a certain price.
- Type based on xsd:token
Valid value Description Payer A "payer" option: If you buy a "payer" option you have the right but not the obligation to enter into the underlying swap transaction as the "fixed" rate/price payer and receive float. Receiver A receiver option: If you buy a "receiver" option you have the right but not the obligation to enter into the underlying swap transaction as the "fixed" rate/price receiver and pay float. Straddle A straddle strategy.
from type fpml:PutCallEnum
Used in
- Type fpml:OptionBase
- Type fpml:OptionBaseExtended via extension of fpml:OptionBase
- Type fpml:BondOption via extension of fpml:OptionBase (Element fpml:bondOption)
- Type fpml:CreditDefaultSwapOption via extension of fpml:OptionBase (Element fpml:creditDefaultSwapOption)
- Type fpml:DividendSwapOptionTransactionSupplement via extension of fpml:OptionBase (Element fpml:dividendSwapOptionTransactionSupplement)
- Type fpml:VarianceOptionTransactionSupplement via extension of fpml:OptionBase (Element fpml:varianceOptionTransactionSupplement)
Sample instance
<optionType>Put</optionType>