Documentation for Financial products Markup Language (FpML®)
Definition Type: Group
Name: CommodityWeatherOption.model
Namespace: http://www.fpml.org/FpML-5/reporting
Containing Schema: fpml-com-5-10.xsd
Documentation:
Described Weather Index Option component. Weather Index Option transactions are OTC derivative transactions which settle financially based on an index calculated from observations of temperature and precipitation at weather stations throughout the world. Sub-Annex C of the 2005 ISDA Commodity Definitions provides definitions and terms for a number of types of weather indices. These indices include: HDD (heating degree days), CDD (cooling degree days), CPD (critical precipitation days). Weather Index Option Transactions results in a cash flow to the buyer depending on the relationship between the Settlement Level to the Weather Index Strike Level.
Collapse XSD Schema Diagram:
Drilldown into weatherIndexData in schema fpml-com-5-10_xsd2 Drilldown into calculation in schema fpml-com-5-10_xsd2 Drilldown into weatherIndexStrikeLevel in schema fpml-com-5-10_xsd2 Drilldown into exercise in schema fpml-com-5-10_xsd2 Drilldown into weatherNotionalAmount in schema fpml-com-5-10_xsd2 Drilldown into weatherCalculationPeriodsReference in schema fpml-com-5-10_xsd2 Drilldown into weatherCalculationPeriods in schema fpml-com-5-10_xsd2 Drilldown into WeatherCalculationPeriod.model in schema fpml-com-5-10_xsd2 Drilldown into effectiveDate in schema fpml-com-5-10_xsd2XSD Diagram of CommodityWeatherOption.model in schema fpml-com-5-10_xsd2 (Financial products Markup Language (FpML®))
Collapse XSD Schema Code: 
<xsd:group name="CommodityWeatherOption.model">
    <xsd:annotation>
        <xsd:documentation xml:lang="en">Described Weather Index Option component. Weather Index Option transactions are OTC derivative transactions which settle financially based on an index calculated from observations of temperature and precipitation at weather stations throughout the world. Sub-Annex C of the 2005 ISDA Commodity Definitions provides definitions and terms for a number of types of weather indices. These indices include: HDD (heating degree days), CDD (cooling degree days), CPD (critical precipitation days). Weather Index Option Transactions results in a cash flow to the buyer depending on the relationship between the Settlement Level to the Weather Index Strike Level.</xsd:documentation>
    </xsd:annotation>
    <xsd:sequence>
        <xsd:element name="effectiveDate" type="AdjustableOrRelativeDate" minOccurs="0">
            <xsd:annotation>
                <xsd:documentation xml:lang="en">Effective date of an option.</xsd:documentation>
            </xsd:annotation>
        </xsd:element>
        <xsd:group ref="WeatherCalculationPeriod.model" />
        <xsd:element name="weatherNotionalAmount" type="NonNegativeMoney" minOccurs="0" />
        <xsd:element name="exercise" type="CommodityExercise" minOccurs="0" />
        <xsd:element name="weatherIndexStrikeLevel" type="WeatherIndex" minOccurs="0">
            <xsd:annotation>
                <xsd:documentation xml:lang="en">Weather Index strike price level is specified in terms of weather index units (e.g. 1 Days, 3 Inches, etc.)</xsd:documentation>
            </xsd:annotation>
        </xsd:element>
        <xsd:element name="calculation" type="WeatherLegCalculation" minOccurs="0">
            <xsd:annotation>
                <xsd:documentation xml:lang="en">Contains parameters which figure in the calculation of payments on a Weather Index Option.</xsd:documentation>
            </xsd:annotation>
        </xsd:element>
        <xsd:element name="weatherIndexData" type="WeatherIndexData" minOccurs="0">
            <xsd:annotation>
                <xsd:documentation xml:lang="en">Specifies where the data (e.g. CPD) have been collected, an actual physical reference point (weather station) and various fall back arrangements.</xsd:documentation>
            </xsd:annotation>
        </xsd:element>
    </xsd:sequence>
</xsd:group>
Collapse Child Elements:
Name Type Min Occurs Max Occurs
effectiveDate nsE:effectiveDate 0 (1)
weatherCalculationPeriods nsE:weatherCalculationPeriods (1) (1)
weatherCalculationPeriodsReference nsE:weatherCalculationPeriodsReference (1) (1)
weatherNotionalAmount nsE:weatherNotionalAmount 0 (1)
exercise nsE:exercise 0 (1)
weatherIndexStrikeLevel nsE:weatherIndexStrikeLevel 0 (1)
calculation nsE:calculation 0 (1)
weatherIndexData nsE:weatherIndexData 0 (1)
<xs:group> nsE:WeatherCalculationPeriod.model (1) (1)
Documentation for Financial products Markup Language (FpML®)

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