fpml:SingleUnderlyer

A type describing a single underlyer

Complex type information

Content

• Sequence [1..1]
  1. Choice [1..1]
     from subst. group fpml:underlyingAsset
     fpml:basket    Defines the underlying asset when it is a basket.
     fpml:bond    Identifies the underlying asset when it is a series or a class of bonds.
     fpml:cash    Identifies a simple underlying asset type that is a cash payment. Used for specifying discounting factors for future cash flows in the pricing and risk model.
     fpml:commodity    Identifies the underlying asset when it is a listed commodity.
     fpml:convertibleBond    Identifies the underlying asset when it is a convertible bond.
     fpml:equity    Identifies the underlying asset when it is a listed equity.
     fpml:exchangeTradedFund    Identifies the underlying asset when it is an exchange-traded fund.
     fpml:future    Identifies the underlying asset when it is a listed future contract.
     fpml:index    Identifies the underlying asset when it is a financial index.
     fpml:loan    Identifies a simple underlying asset that is a loan.
     fpml:mortgage    Identifies a mortgage backed security.
     fpml:mutualFund    Identifies the class of unit issued by a fund.
     fpml:option    Identifies the underlying asset when it is a listed option contract.
  2. fpml:openUnits [0..1]    The number of units (index or securities) that constitute the underlyer of the swap. In the case of a basket swap, this element is used to reference both the number of basket units, and the number of each asset components of the basket when these are expressed in absolute terms.
  3. fpml:dividendPayout [0..1]    Specifies the dividend payout ratio associated with an equity underlyer. A basket swap can have different payout ratios across the various underlying constituents. In certain cases the actual ratio is not known on trade inception, and only general conditions are then specified. Users should note that FpML makes a distinction between the derivative contract and the underlyer of the contract. It would be better if the agreed dividend payout on a derivative contract was modelled at the level of the derivative contract, an approach which may be adopted in the next major version of FpML.
  4. fpml:couponPayment [0..1]    The next upcoming coupon payment.
  5. fpml:averageDailyTradingVolume [0..1]    The average amount of individual securities traded in a day or over a specified amount of time.
  6. fpml:depositoryReceipt [0..1]    A Depository Receipt is a negotiable certificate issued by a trust company or security depository. This element is used to represent whether a Depository Receipt is applicable or not to the underlyer.

Attributes

None

Used by

• Element fpml:singleUnderlyer