Schema Central > FpML 5.5 Transparency > fpml-option-shared-5-5.xsd > fpml:optionType
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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

Content

  • Union of:
    • Type based on xsd:token
      • Valid valueDescription
        PutA put option gives the holder the right to sell the underlying asset by a certain date for a certain price.
        CallA 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 valueDescription
        PayerA "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.
        ReceiverA 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.
        StraddleA straddle strategy.
  • Used in

    Sample instance

    <optionType>Call</optionType>

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