Documentation for Financial products Markup Language (FpML®)
Definition Type: Element
Name: automaticExercise
Namespace: http://www.fpml.org/2003/FpML-4-0
Type: nsA:AutomaticExercise
Containing Schema: fpml-shared-4-0.xsd
MinOccurs (1)
MaxOccurs (1)
Abstract
Documentation:
If automatic is specified then the notional amount of the underlying swap, not previously exercised under the swaption will be automatically exercised at the expriration time on the expiration date if at such time the buyer is in-the-money, provided that the difference between the settlement rate and the fixed rate under the relevant underlying swap is not less than the specified threshold rate. The term in-the-money is assumed to have the meaning defining in the 2000 ISDA Definitions, Section 17.4 In-the-money.
Collapse XSD Schema Diagram:
Drilldown into thresholdRate in schema fpml-shared-4-0_xsd Drilldown into AutomaticExercise in schema fpml-shared-4-0_xsdXSD Diagram of automaticExercise in schema fpml-shared-4-0_xsd (Financial products Markup Language (FpML®))
Collapse XSD Schema Code: 
<xsd:element name="automaticExercise" type="AutomaticExercise">
    <xsd:annotation>
        <xsd:documentation xml:lang="en">If automatic is specified then the notional amount of the underlying swap, not previously exercised under the swaption will be automatically exercised at the expriration time on the expiration date if at such time the buyer is in-the-money, provided that the difference between the settlement rate and the fixed rate under the relevant underlying swap is not less than the specified threshold rate. The term in-the-money is assumed to have the meaning defining in the 2000 ISDA Definitions, Section 17.4 In-the-money.</xsd:documentation>
    </xsd:annotation>
</xsd:element>
Collapse Child Elements:
Name Type Min Occurs Max Occurs
thresholdRate nsA:thresholdRate (1) (1)
Collapse Derivation Tree:
Documentation for Financial products Markup Language (FpML®)

Generated using Liquid Studio - Developer Bundle 21.0.0.0