fpml:bondOption
A component describing a Bond Option product.
Element information
Namespace: http://www.fpml.org/FpML-5/transparency
Schema document: fpml-bond-option-5-5.xsd
Type: fpml:BondOption
Properties: Global, Qualified
Content
- Sequence [1..1]
- Sequence [0..1]
- fpml:primaryAssetClass [0..1] A classification of the most important risk class of the trade. FpML defines a simple asset class categorization using a coding scheme.
- fpml:secondaryAssetClass [0..*] A classification of additional risk classes of the trade, if any. FpML defines a simple asset class categorization using a coding scheme.
- fpml:productType [0..*] A classification of the type of product. FpML defines a simple product categorization using a coding scheme.
- fpml:productId [0..*] A product reference identifier. The product ID is an identifier that describes the key economic characteristics of the trade type, with the exception of concepts such as size (notional, quantity, number of units) and price (fixed rate, strike, etc.) that are negotiated for each transaction. It can be used to hold identifiers such as the "UPI" (universal product identifier) required by certain regulatory reporting rules. It can also be used to hold identifiers of benchmark products or product temnplates used by certain trading systems or facilities. FpML does not define the domain values associated with this element. Note that the domain values for this element are not strictly an enumerated list.
- fpml:embeddedOptionType [0..2] Describes the type of any embedded optionality in the transaction that might not otherwise be apparent. Can be used to represent embedded optionality such as early termination provisions, extendible provisions, or cancelable provisions, etc., where applicable. If omitted, no embedded optionality is applicable.
- fpml:buyerPartyReference [0..1] A reference to the party that buys this instrument, ie. pays for this instrument and receives the rights defined by it. See 2000 ISDA definitions Article 11.1 (b). In the case of FRAs this the fixed rate payer.
- fpml:sellerPartyReference [0..1] A reference to the party that sells ("writes") this instrument, i.e. that grants the rights defined by this instrument and in return receives a payment for it. See 2000 ISDA definitions Article 11.1 (a). In the case of FRAs this is the floating rate payer.
- fpml:optionType [1..1] 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.
- fpml:premium [0..1] The option premium payable by the buyer to the seller.
- Choice [1..1]
- fpml:americanExercise The parameters for defining the exercise period for an American style option together with any rules governing the notional amount of the underlying which can be exercised on any given exercise date and any associated exercise fees.
- fpml:bermudaExercise The parameters for defining the exercise period for a Bermuda style option together with any rules governing the notional amount of the underlying which can be exercised on any given exercise date and any associated exercise fees.
- fpml:europeanExercise The parameters for defining the exercise period for a European style option together with any rules governing the notional amount of the underlying which can be exercised on any given exercise date and any associated exercise fees.
from subst. group fpml:exercise - Choice [0..1]
- Sequence [0..1]
- fpml:optionEntitlement [0..1] The number of units of underlyer per option comprised in the option transaction.
- fpml:entitlementCurrency [0..1] TODO
- fpml:numberOfOptions [0..1] The number of options comprised in the option transaction.
- fpml:strike [1..1] Strike of the the Bond Option.
- Choice [1..1]
- fpml:bond A bond instrument referenced by a contract
- fpml:convertibleBond A convertible bond instrument referenced by a contract.
from type fpml:Productfrom group fpml:Product.modelfrom type fpml:Optionfrom group fpml:BuyerSeller.modelfrom type fpml:OptionBasefrom type fpml:OptionBaseExtendedfrom group fpml:OptionDenomination.modelfrom group fpml:BondChoice.model - Sequence [0..1]
Attributes
Name | Occ | Type | Description | Notes |
---|---|---|---|---|
id | [0..1] | xsd:ID | from type fpml:Product |
Used in
- Type fpml:Strategy
- Type fpml:PhysicalSettlement (Element fpml:physicalSettlement)
- Type fpml:Trade (Elements fpml:trade, fpml:originalTrade, fpml:resultingTrade, fpml:trade, fpml:originalTrade, fpml:oldTrade, fpml:trade, fpml:feeTrade, fpml:newTrade, fpml:oldTrade, fpml:trade, fpml:trade)
Substitution hierarchy
- fpml:product
- can be substituted with fpml:bondOption
Sample instance
<bondOption> <primaryAssetClass>InterestRate</primaryAssetClass> <productType>InterestRate:Option:DebtOption</productType> <optionType>Call</optionType> <premium> <paymentAmount> <currency>JPY</currency> <amount>25000000</amount> </paymentAmount> </premium> <europeanExercise> <expirationDate> <adjustableDate> <unadjustedDate>2006-06-19</unadjustedDate> </adjustableDate> </expirationDate> </europeanExercise> <notionalAmount> <currency>JPY</currency> <amount>10000000000</amount> </notionalAmount> <entitlementCurrency>JPY</entitlementCurrency> <numberOfOptions>1</numberOfOptions> <strike> <price> <strikePrice>99.7</strikePrice> </price> </strike> <bond> <instrumentId instrumentIdScheme="CUSIP">ExampleCUSIP1</instrumentId> <currency>JPY</currency> <clearanceSystem>Clearstream</clearanceSystem> <couponRate>0.014</couponRate> <maturity>2011-03-20</maturity> <parValue>10000000000</parValue> <faceAmount>10000000000</faceAmount> </bond> </bondOption>