fpml:FxBarrierFeature

Describes the properties of an FX barrier.

Complex type information

Content

• Sequence [1..1]
  1. fpml:barrierType [1..1]    This specifies whether the option becomes effective ("knock-in") or is annulled ("knock-out") when the respective barrier event occurs.
  2. fpml:direction [0..1]    This specifies whether the barrier direction is "Up" or "Down"; that is, that a barrier event occurs if the spot rate is at or above the trigger rate, or at or below the trigger rate during the period of observation of an american barrier, or at the times of observation of a discrete or european barrier.
  3. fpml:quotedCurrencyPair [1..1]    Defines the two currencies for an FX trade and the quotation relationship between the two currencies.
  4. fpml:triggerRate [1..1]    The market rate is observed relative to the trigger rate, and if it is found to be on the predefined side of (above or below) the trigger rate, a trigger event is deemed to have occurred.
  5. fpml:informationSource [1..*]    The information source where a published or displayed market rate will be obtained, e.g. Telerate Page 3750.
  6. Choice [0..1]
     • Sequence [1..1]
       1. fpml:observationStartDate [1..1]    The date on which the observation period for an american barrier starts. If the start date is not present, then the date and time of the start of the period is deemed to be the date and time the transaction was entered into.
       2. fpml:observationStartTime [0..1]    The time on the start date at which the observation period for an american barrier starts. If the time is not present and the start date is equivalent to the transaction date, the time is deemed to be the time the transaction was entered into. If the time is not present and the start date is other than the transaction date, then the time is deemed to be the same as the expiration time.
       3. Sequence [0..1]
          1. fpml:observationEndDate [1..1]    The date on which the observation period for an american barrier ends. If the end date is not present, then the date and time of the end of the period is deemed to be the date and time of expiration.
          2. fpml:observationEndTime [0..1]    The time on the end date at which the observation period for an american barrier ends. If the time is not present, then the time is deemed to be the same as the expiration time.
     • fpml:observationPoint [1..*]    The dates and times at which rate observations are made to determine whether a barrier event has occurred for a discrete or european barrier. If the time is not present then the time is deemed to be the same as the expiration time.

Attributes

None

Used by

• Element fpml:barrier