Documentation for Financial products Markup Language (FpML®)
Definition Type: Element
Name: optionType
Namespace: http://www.fpml.org/FpML-5/pretrade
Type: nsC:SwaptionTypeEnum
Containing Schema: fpml-ird-5-10.xsd
MinOccurs 0
MaxOccurs (1)
Abstract
Documentation:
The type of option transaction. From a usage standpoint, put/call is the default option type, while payer/receiver indicator is used for options index credit default swaps, consistently with the industry practice. Straddle is used for the case of straddle strategy, that combine a call and a put with the same strike. This element is needed for transparency reporting because the counterparties are not available, and is made available in other views for convenience; it is not intended to be used for confirmation processing. If the swaption straddle indicator is provided, this must not be in conflict with that indicator.
Collapse XSD Schema Diagram:
XSD Diagram of optionType in schema fpml-ird-5-10_xsd1 (Financial products Markup Language (FpML®))
Collapse XSD Schema Code: 
<xsd:element name="optionType" type="SwaptionTypeEnum" minOccurs="0">
    <xsd:annotation>
        <xsd:documentation xml:lang="en">The type of option transaction. From a usage standpoint, put/call is the default option type, while payer/receiver indicator is used for options index credit default swaps, consistently with the industry practice. Straddle is used for the case of straddle strategy, that combine a call and a put with the same strike. This element is needed for transparency reporting because the counterparties are not available, and is made available in other views for convenience; it is not intended to be used for confirmation processing. If the swaption straddle indicator is provided, this must not be in conflict with that indicator.</xsd:documentation>
    </xsd:annotation>
</xsd:element>
Collapse Derivation Tree:
Documentation for Financial products Markup Language (FpML®)

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