fpml:strike

The rate at which the deposit will be converted to the Alternate currency, in the event that the spot rate is strictly lower than the strike rate at the specified fixing date and time.

Element information

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

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

Other elements with the same name: fpml:strike, fpml:strike, fpml:strike, fpml:strike, fpml:strike, fpml:strike

Type: fpml:DualCurrencyStrikePrice

Properties: Local, Qualified

Content

Sequence [1..1]
1. fpml:rate [0..1] The rate of exchange between the two currencies of the leg of a deal.
2. fpml:strikeQuoteBasis [0..1] The method by which the strike rate is quoted, in terms of the deposit (principal) and alternate currencies.

Attributes

None

Used in

Type fpml:DualCurrencyFeature

Sample instance

<strike>
   <price>
      <strikePrice>99.7</strikePrice>
   </price>
</strike>