fpml:settlementType
How the trade settles (cash or physical). This element is also used for CFTC the "Delivery Type" field.
Element information
Namespace: http://www.fpml.org/FpML-5/transparency
Schema document: fpml-generic-5-5.xsd
Other elements with the same name: fpml:settlementType, fpml:settlementType
Type: fpml:SettlementTypeEnum
Properties: Local, Qualified
Content
Valid value Description Cash The intrinsic value of the option will be delivered by way of a cash settlement amount determined, (i) by reference to the differential between the strike price and the settlement price; or (ii) in accordance with a bilateral agreement between the parties Physical The securities underlying the transaction will be delivered by (i) in the case of a call, the seller to the buyer, or (ii) in the case of a put, the buyer to the seller versus a settlement amount equivalent to the strike price per share Election Allow Election of either Cash or Physical settlement CashOrPhysical Allow use of either Cash or Physical settlement without prior Election
Used in
- Type fpml:GenericProduct (Elements fpml:genericProduct, fpml:nonSchemaProduct)
Sample instance
<settlementType>Cash</settlementType>