fpml:premium

The option premium payable by the buyer to the seller.

Element information

Content

• Sequence [1..1]
  from type fpml:PaymentBaseExtended
  from group fpml:PayerReceiver.model
  fpml:payerPartyReference [1..1]    A reference to the party responsible for making the payments defined by this structure.
  fpml:payerAccountReference [0..1]    A reference to the account responsible for making the payments defined by this structure.
  fpml:receiverPartyReference [1..1]    A reference to the party that receives the payments corresponding to this structure.
  fpml:receiverAccountReference [0..1]    A reference to the account that receives the payments corresponding to this structure.
  fpml:paymentDate [1..1]    The payment date, which can be expressed as either an adjustable or relative date.
  from type fpml:NonNegativePayment
  fpml:paymentAmount [1..1]    Non negative payment amount.
  1. fpml:premiumPerUnit [0..1]    The currency amount of premium to be paid per Unit of the Total Notional Quantity.

Attributes

Used in

• Type fpml:CommodityOption (Element fpml:commodityOption)
• Type fpml:CommoditySwaption (Element fpml:commoditySwaption)

Sample instance

<premium>
   <payerPartyReference href="Party1"/>
   <receiverPartyReference href="Party2"/>
   <paymentAmount>
      <currency>JPY</currency>
      <amount>25000000</amount>
   </paymentAmount>
   <paymentDate>
      <adjustableDate>
         <unadjustedDate>2006-05-15</unadjustedDate>
         <dateAdjustments>
            <businessDayConvention>FOLLOWING</businessDayConvention>
            <businessCenters>
               <businessCenter>JPTO</businessCenter>
            </businessCenters>
         </dateAdjustments>
      </adjustableDate>
   </paymentDate>
   <premiumType>Fixed</premiumType>
</premium>