fpml:payoutStyle

The trigger event and payout may be asynchonous. A payout may become due on the trigger event, or the payout may (by agreeement at initiation) be deferred (for example) to the maturity date.

Element information

Namespace: http://www.fpml.org/FpML-5/transparency

Schema document: fpml-fx-5-5.xsd

Type: fpml:PayoutEnum

Properties: Local, Qualified

Content

Type based on xsd:token

Valid value	Description
Deferred	If the trigger is hit, the option payout will not be paid now but will be paid on the value date of the original option.
Immediate	If the trigger is hit, the option payout will be paid immediately (i.e., spot from the payout date).

Used in

Type fpml:FxOptionPayout (Element fpml:payout)

Sample instance

<fpml:payoutStyle>Deferred</fpml:payoutStyle>