Documentation for Financial products Markup Language (FpML®)
Definition Type: ComplexType
Name: FxTargetKnockoutForward
Namespace: http://www.fpml.org/FpML-5/transparency
Type: nsF:Product
Containing Schema: fpml-fx-targets-5-10.xsd
Abstract
Documentation:
A structured forward product which consists of a strip of forwards. Each forward may be settled as an exchange of currencies or cash settled. At each settlement, the amount of gain that one party achieves is measured. The product has a target level of gain. Once the accumulated gain exceeds the target level, the product terminates and there are no further settlements.
Collapse XSD Schema Diagram:
Drilldown into cashSettlement in schema fpml-fx-targets-5-10_xsd3 Drilldown into additionalPayment in schema fpml-fx-targets-5-10_xsd3 Drilldown into linearPayoffRegion in schema fpml-fx-targets-5-10_xsd3 Drilldown into constantPayoffRegion in schema fpml-fx-targets-5-10_xsd3 Drilldown into linearPayoffRegion in schema fpml-fx-targets-5-10_xsd3 Drilldown into constantPayoffRegion in schema fpml-fx-targets-5-10_xsd3 Drilldown into linearPayoffRegion in schema fpml-fx-targets-5-10_xsd3 Drilldown into constantPayoffRegion in schema fpml-fx-targets-5-10_xsd3 Drilldown into pivot in schema fpml-fx-targets-5-10_xsd3 Drilldown into expirySchedule in schema fpml-fx-targets-5-10_xsd3 Drilldown into notionalAmount in schema fpml-fx-targets-5-10_xsd3 Drilldown into quotedCurrencyPair in schema fpml-fx-targets-5-10_xsd3 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_xsd5XSD Diagram of FxTargetKnockoutForward in schema fpml-fx-targets-5-10_xsd3 (Financial products Markup Language (FpML®))
Collapse XSD Schema Code: 
<xsd:complexType name="FxTargetKnockoutForward">
    <xsd:annotation>
        <xsd:documentation xml:lang="en">A structured forward product which consists of a strip of forwards. Each forward may be settled as an exchange of currencies or cash settled. At each settlement, the amount of gain that one party achieves is measured. The product has a target level of gain. Once the accumulated gain exceeds the target level, the product terminates and there are no further settlements.</xsd:documentation>
    </xsd:annotation>
    <xsd:complexContent>
        <xsd:extension base="Product">
            <xsd:sequence>
                <xsd:element name="quotedCurrencyPair" type="QuotedCurrencyPair" minOccurs="0">
                    <xsd:annotation>
                        <xsd:documentation xml:lang="en">The Quoted Currency Pair that is used accross the product.</xsd:documentation>
                    </xsd:annotation>
                </xsd:element>
                <xsd:element name="notionalAmount" type="NonNegativeAmountSchedule">
                    <xsd:annotation>
                        <xsd:documentation xml:lang="en">Notional amount of the Target.</xsd:documentation>
                    </xsd:annotation>
                </xsd:element>
                <xsd:element name="expirySchedule" type="FxExpirySchedule">
                    <xsd:annotation>
                        <xsd:documentation xml:lang="en">Defines the expiry/observation schedule of the target product.</xsd:documentation>
                    </xsd:annotation>
                </xsd:element>
                <xsd:sequence>
                    <xsd:sequence minOccurs="0">
                        <xsd:element name="pivot" type="FxPivot">
                            <xsd:annotation>
                                <xsd:documentation xml:lang="en">The boundary where the contract flips from being long and short is the pivot point. So the pivot indicates the level in which there is a change in direction of the currencies exchanged by the parties.</xsd:documentation>
                            </xsd:annotation>
                        </xsd:element>
                        <xsd:element name="constantPayoffRegion" type="FxTargetConstantPayoffRegion" minOccurs="0" maxOccurs="unbounded">
                            <xsd:annotation>
                                <xsd:documentation xml:lang="en">A region in which constant payoff applies i.e. the payoff is defined as a contant currency amount or fixing adjustment, unrelated to the fixing. In absence of the "payoff" element, zero payoff is assumed (note: zero payoff does not necessarily imply that no settlement occurs).</xsd:documentation>
                            </xsd:annotation>
                        </xsd:element>
                        <xsd:element name="linearPayoffRegion" type="FxTargetLinearPayoffRegion">
                            <xsd:annotation>
                                <xsd:documentation xml:lang="en">A region in which linear payoff applies i.e. the payoff bears a linear relationship to the fixing value (increases/decreases linearly with the fixing).</xsd:documentation>
                            </xsd:annotation>
                        </xsd:element>
                    </xsd:sequence>
                    <xsd:sequence>
                        <xsd:element name="constantPayoffRegion" type="FxTargetConstantPayoffRegion" minOccurs="0" maxOccurs="unbounded">
                            <xsd:annotation>
                                <xsd:documentation xml:lang="en">It defines a region in which a digital payment occurs.</xsd:documentation>
                            </xsd:annotation>
                        </xsd:element>
                        <xsd:element name="linearPayoffRegion" type="FxTargetLinearPayoffRegion">
                            <xsd:annotation>
                                <xsd:documentation xml:lang="en">A region in which linear payoff applies i.e. the payoff bears a linear relationship to the fixing value (increases/decreases linearly with the fixing).</xsd:documentation>
                            </xsd:annotation>
                        </xsd:element>
                    </xsd:sequence>
                    <xsd:choice minOccurs="0" maxOccurs="unbounded">
                        <xsd:annotation>
                            <xsd:documentation xml:lang="en">Choice permitting digital-, vanilla- and zero- PayoffRegions to be combined arbitrarily.</xsd:documentation>
                        </xsd:annotation>
                        <xsd:element name="constantPayoffRegion" type="FxTargetConstantPayoffRegion">
                            <xsd:annotation>
                                <xsd:documentation xml:lang="en">It defines a region in which a digital payment occurs.</xsd:documentation>
                            </xsd:annotation>
                        </xsd:element>
                        <xsd:element name="linearPayoffRegion" type="FxTargetLinearPayoffRegion">
                            <xsd:annotation>
                                <xsd:documentation xml:lang="en">A region in which linear payoff applies i.e. the payoff bears a linear relationship to the fixing value (increases/decreases linearly with the fixing).</xsd:documentation>
                            </xsd:annotation>
                        </xsd:element>
                    </xsd:choice>
                </xsd:sequence>
                <xsd:element name="additionalPayment" type="SimplePayment" minOccurs="0" maxOccurs="unbounded">
                    <xsd:annotation>
                        <xsd:documentation xml:lang="en">It supports the representation of premiums, fees, etc.</xsd:documentation>
                    </xsd:annotation>
                </xsd:element>
                <xsd:element name="cashSettlement" type="FxCashSettlementSimple" minOccurs="0">
                    <xsd:annotation>
                        <xsd:documentation xml:lang="en">Cash settlement currency.</xsd:documentation>
                    </xsd:annotation>
                </xsd:element>
            </xsd:sequence>
        </xsd:extension>
    </xsd:complexContent>
</xsd:complexType>
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
quotedCurrencyPair nsF:quotedCurrencyPair 0 (1)
notionalAmount nsF:notionalAmount (1) (1)
expirySchedule nsF:expirySchedule (1) (1)
pivot nsF:pivot (1) (1)
constantPayoffRegion nsF:constantPayoffRegion 0 unbounded
linearPayoffRegion nsF:linearPayoffRegion (1) (1)
constantPayoffRegion nsF:constantPayoffRegion 0 unbounded
linearPayoffRegion nsF:linearPayoffRegion (1) (1)
constantPayoffRegion nsF:constantPayoffRegion (1) (1)
linearPayoffRegion nsF:linearPayoffRegion (1) (1)
additionalPayment nsF:additionalPayment 0 unbounded
cashSettlement nsF:cashSettlement 0 (1)
Collapse Child Attributes:
Name Type Default Value Use
id nsF:id (Optional)
Collapse Derivation Tree:
Collapse References:
nsF:fxTargetKnockoutForward
Documentation for Financial products Markup Language (FpML®)

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