Documentation for Financial products Markup Language (FpML®)
Definition Type: Element
Name: fxAccrualOption
Namespace: http://www.fpml.org/FpML-5/transparency
Type: nsF: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_xsd3 Drilldown into strike in schema fpml-fx-accruals-5-10_xsd3 Drilldown into expirySchedule in schema fpml-fx-accruals-5-10_xsd3 Drilldown into expiryDate in schema fpml-fx-accruals-5-10_xsd3 Drilldown into FxExpiryDateOrSchedule.model in schema fpml-fx-accruals-5-10_xsd3 Drilldown into accrual in schema fpml-fx-accruals-5-10_xsd3 Drilldown into notionalAmount in schema fpml-fx-accruals-5-10_xsd3 Drilldown into callCurrency in schema fpml-fx-5-10_xsd4 Drilldown into putCurrency in schema fpml-fx-5-10_xsd4 Drilldown into PutCallCurrency.model in schema fpml-fx-5-10_xsd4 Drilldown into sellerPartyReference in schema fpml-shared-5-10_xsd5 Drilldown into buyerPartyReference in schema fpml-shared-5-10_xsd5 Drilldown into BuyerSeller.model in schema fpml-shared-5-10_xsd5 Drilldown into embeddedOptionType in schema fpml-shared-5-10_xsd5 Drilldown into productId in schema fpml-shared-5-10_xsd5 Drilldown into productType in schema fpml-shared-5-10_xsd5 Drilldown into secondaryAssetClass in schema fpml-shared-5-10_xsd5 Drilldown into primaryAssetClass in schema fpml-shared-5-10_xsd5 Drilldown into Product.model in schema fpml-shared-5-10_xsd5 Drilldown into id in schema fpml-shared-5-10_xsd5 Drilldown into Product in schema fpml-shared-5-10_xsd5 Drilldown into Option in schema fpml-option-shared-5-10_xsd4 Drilldown into FxAccrualOption in schema fpml-fx-accruals-5-10_xsd3XSD Diagram of fxAccrualOption in schema fpml-fx-accruals-5-10_xsd3 (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 nsF:primaryAssetClass 0 (1)
secondaryAssetClass nsF:secondaryAssetClass 0 unbounded
productType nsF:productType 0 unbounded
productId nsF:productId 0 unbounded
embeddedOptionType nsF:embeddedOptionType 0 2
buyerPartyReference nsF:buyerPartyReference 0 (1)
sellerPartyReference nsF:sellerPartyReference 0 (1)
putCurrency nsF:putCurrency 0 (1)
callCurrency nsF:callCurrency 0 (1)
notionalAmount nsF:notionalAmount (1) (1)
accrual nsF:accrual (1) (1)
expiryDate nsF:expiryDate (1) (1)
expirySchedule nsF:expirySchedule (1) (1)
strike nsF:strike 0 (1)
premium nsF:premium (1) unbounded
<xs:group> nsF:BuyerSeller.model (1) (1)
<xs:group> nsF:PutCallCurrency.model (1) (1)
<xs:group> nsF:FxExpiryDateOrSchedule.model (1) (1)
Collapse Child Attributes:
Name Type Default Value Use
id nsF:id (Optional)
Collapse Derivation Tree:
Collapse References:
nsF:product
Documentation for Financial products Markup Language (FpML®)

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