fpml:underlyer

The set of underlyers to the trade that can be used in computing the trade's cashflows. If this information is needed to identify the trade, all of the trade's underlyers should be specified, whether or not they figure into the cashflow calculation. Otherwise, only those underlyers used to compute this particular cashflow need be supplied.

Element information

Content

• Sequence [1..1]
  1. Choice [0..1]
     • fpml:floatingRate    A floating rate.
     • fpml:fixedRate    The fixed rate or fixed rate schedule expressed as explicit fixed rates and dates. In the case of a schedule, the step dates may be subject to adjustment in accordance with any adjustments specified in calculationPeriodDatesAdjustments.
     • fpml:exchangeRate    The rate of exchange between two currencies.
     from subst. group fpml:underlyingAsset
     fpml:basket    Defines the underlying asset when it is a basket.
     fpml:bond    Identifies the underlying asset when it is a series or a class of bonds.
     fpml:cash    Identifies a simple underlying asset type that is a cash payment. Used for specifying discounting factors for future cash flows in the pricing and risk model.
     fpml:commodity    Identifies the underlying asset when it is a listed commodity.
     fpml:convertibleBond    Identifies the underlying asset when it is a convertible bond.
     fpml:equity    Identifies the underlying asset when it is a listed equity.
     fpml:exchangeTradedFund    Identifies the underlying asset when it is an exchange-traded fund.
     fpml:future    Identifies the underlying asset when it is a listed future contract.
     fpml:index    Identifies the underlying asset when it is a financial index.
     fpml:loan    Identifies a simple underlying asset that is a loan.
     fpml:mortgage    Identifies a mortgage backed security.
     fpml:mutualFund    Identifies the class of unit issued by a fund.
     fpml:option    Identifies the underlying asset when it is a listed option contract.
     • fpml:quotedCurrencyPair    Describes the composition of a rate that has been quoted. This includes the two currencies and the quotation relationship between the two currencies.
     • fpml:referenceEntity    The corporate or sovereign entity on which you are buying or selling protection and any successor that assumes all or substantially all of its contractual and other obligations. It is vital to use the correct legal name of the entity and to be careful not to choose a subsidiary if you really want to trade protection on a parent company. Please note, Reference Entities cannot be senior or subordinated. It is the obligations of the Reference Entities that can be senior or subordinated. ISDA 2003 Term: Reference Entity
  2. fpml:averagingMethod [0..1]    The parties may specify a Method of Averaging where more than one pricing Dates is being specified as being applicable. This defines the averaging method applicable to this asset (used for Commodities).
  3. Choice [0..1]
     from group fpml:PayerReceiver.model
     fpml:payerPartyReference [0..1]    A reference to the party responsible for making the payments defined by this structure.
     from group fpml:BuyerSeller.model
     Sequence [1..1]
     1. 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.
     2. 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.
  4. fpml:dayCountFraction [0..1]    Specifies a day count fraction or fractions that apply to this underlyer; this is provided to meet regulatory reporting requirements, but is not sufficient to to fully represent the economics of the trade..

Attributes

Used in

• Type fpml:GenericProduct (Elements fpml:genericProduct, fpml:nonSchemaProduct)

Sample instance

<underlyer>
   <singleUnderlyer>
      <index>
         <instrumentId instrumentIdScheme="http://example.com/instrumentId">.FCHI</instrumentId>
         <currency>EUR</currency>
         <exchangeId>XPAR</exchangeId>
         <relatedExchangeId>XMAT</relatedExchangeId>
         <relatedExchangeId>XMON</relatedExchangeId>
      </index>
      <openUnits>1000</openUnits>
   </singleUnderlyer>
</underlyer>