Documentation for Financial products Markup Language (FpML®)
Definition Type: Element
Name: fxAccrualOption
Namespace: http://www.fpml.org/FpML-5/recordkeeping
Type: nsD:FxAccrualOption
Containing Schema: fpml-fx-accruals-5-10.xsd
Abstract
Documentation:
A financial contract between two parties (the buyer and the seller) that provides the buyer the right to buy a currency (or receive a payment) at expiry. The distinctive characteristic of this contract is that the Notional to be transacted at expiry is uncertain and depends on the amount of time that the underlying currency trades within a pre-set level, or levels (the 'accrual barrier', or 'barriers'). The total Notional is only known at the end of the accrual period, and this extra uncertainty can make an accrual option substantially cheaper than the comparable vanilla one.
Collapse XSD Schema Diagram:
Drilldown into premium in schema fpml-fx-accruals-5-10_xsd1 Drilldown into barrier in schema fpml-fx-accruals-5-10_xsd1 Drilldown into averageRate in schema fpml-fx-accruals-5-10_xsd1 Drilldown into averageStrike in schema fpml-fx-accruals-5-10_xsd1 Drilldown into counterCurrencyAmount in schema fpml-fx-accruals-5-10_xsd1 Drilldown into strike in schema fpml-fx-accruals-5-10_xsd1 Drilldown into spotRate in schema fpml-fx-accruals-5-10_xsd1 Drilldown into exerciseProcedure in schema fpml-fx-accruals-5-10_xsd1 Drilldown into settlementSchedule in schema fpml-fx-accruals-5-10_xsd1 Drilldown into settlementDate in schema fpml-fx-accruals-5-10_xsd1 Drilldown into FxSettlementDateOrSchedule.model in schema fpml-fx-accruals-5-10_xsd1 Drilldown into expirySchedule in schema fpml-fx-accruals-5-10_xsd1 Drilldown into expiryDate in schema fpml-fx-accruals-5-10_xsd1 Drilldown into FxExpiryDateOrSchedule.model in schema fpml-fx-accruals-5-10_xsd1 Drilldown into accrual in schema fpml-fx-accruals-5-10_xsd1 Drilldown into notionalAmount in schema fpml-fx-accruals-5-10_xsd1 Drilldown into callCurrency in schema fpml-fx-5-10_xsd2 Drilldown into putCurrency in schema fpml-fx-5-10_xsd2 Drilldown into PutCallCurrency.model in schema fpml-fx-5-10_xsd2 Drilldown into sellerAccountReference in schema fpml-shared-5-10_xsd3 Drilldown into sellerPartyReference in schema fpml-shared-5-10_xsd3 Drilldown into buyerAccountReference in schema fpml-shared-5-10_xsd3 Drilldown into buyerPartyReference in schema fpml-shared-5-10_xsd3 Drilldown into BuyerSeller.model in schema fpml-shared-5-10_xsd3 Drilldown into embeddedOptionType in schema fpml-shared-5-10_xsd3 Drilldown into productId in schema fpml-shared-5-10_xsd3 Drilldown into productId in schema fpml-shared-5-10_xsd3 Drilldown into productType in schema fpml-shared-5-10_xsd3 Drilldown into secondaryAssetClass in schema fpml-shared-5-10_xsd3 Drilldown into primaryAssetClass in schema fpml-shared-5-10_xsd3 Drilldown into Product.model in schema fpml-shared-5-10_xsd3 Drilldown into id in schema fpml-shared-5-10_xsd3 Drilldown into Product in schema fpml-shared-5-10_xsd3 Drilldown into Option in schema fpml-option-shared-5-10_xsd2 Drilldown into FxAccrualOption in schema fpml-fx-accruals-5-10_xsd1XSD Diagram of fxAccrualOption in schema fpml-fx-accruals-5-10_xsd1 (Financial products Markup Language (FpML®))
Collapse XSD Schema Code: 
<xsd:element name="fxAccrualOption" type="FxAccrualOption" substitutionGroup="product">
    <xsd:annotation>
        <xsd:documentation xml:lang="en">A financial contract between two parties (the buyer and the seller) that provides the buyer the right to buy a currency (or receive a payment) at expiry. The distinctive characteristic of this contract is that the Notional to be transacted at expiry is uncertain and depends on the amount of time that the underlying currency trades within a pre-set level, or levels (the 'accrual barrier', or 'barriers'). The total Notional is only known at the end of the accrual period, and this extra uncertainty can make an accrual option substantially cheaper than the comparable vanilla one.</xsd:documentation>
    </xsd:annotation>
</xsd:element>
Collapse Child Elements:
Name Type Min Occurs Max Occurs
primaryAssetClass nsD:primaryAssetClass (1) (1)
secondaryAssetClass nsD:secondaryAssetClass 0 unbounded
productType nsD:productType (1) unbounded
productId nsD:productId 0 unbounded
productId nsD:productId (1) unbounded
embeddedOptionType nsD:embeddedOptionType 0 2
buyerPartyReference nsD:buyerPartyReference (1) (1)
buyerAccountReference nsD:buyerAccountReference 0 (1)
sellerPartyReference nsD:sellerPartyReference (1) (1)
sellerAccountReference nsD:sellerAccountReference 0 (1)
putCurrency nsD:putCurrency (1) (1)
callCurrency nsD:callCurrency (1) (1)
notionalAmount nsD:notionalAmount (1) (1)
accrual nsD:accrual (1) (1)
expiryDate nsD:expiryDate (1) (1)
expirySchedule nsD:expirySchedule (1) (1)
settlementDate nsD:settlementDate (1) (1)
settlementSchedule nsD:settlementSchedule (1) (1)
exerciseProcedure nsD:exerciseProcedure 0 (1)
spotRate nsD:spotRate 0 (1)
strike nsD:strike (1) (1)
counterCurrencyAmount nsD:counterCurrencyAmount 0 (1)
averageStrike nsD:averageStrike (1) (1)
averageRate nsD:averageRate 0 (1)
barrier nsD:barrier 0 unbounded
premium nsD:premium (1) unbounded
<xs:group> nsD:BuyerSeller.model (1) (1)
<xs:group> nsD:PutCallCurrency.model (1) (1)
<xs:group> nsD:FxExpiryDateOrSchedule.model (1) (1)
<xs:group> nsD:FxSettlementDateOrSchedule.model (1) (1)
Collapse Child Attributes:
Name Type Default Value Use
id nsD:id (Optional)
Collapse Derivation Tree:
Collapse References:
nsD:product
Documentation for Financial products Markup Language (FpML®)

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