Documentation for Financial products Markup Language (FpML®)
Definition Type: Element
Name: payoffCap
Namespace: http://www.fpml.org/FpML-5/confirmation
Type: nsA:FxPayoffCap
Containing Schema: fpml-fx-accruals-5-10.xsd
MinOccurs 0
MaxOccurs unbounded
Abstract
Documentation:
The amount of gain on the client upside or firm upside is limited. If spot settles above the cap, or below the floor, the payout is adjusted to limit the gain. The adjustment may be made by varying the strike, or by maintaining the strike, but varying the payout notionals.
Collapse XSD Schema Diagram:
Drilldown into settlementAdjustmentStyle in schema fpml-fx-targets-5-10_xsd Drilldown into rate in schema fpml-fx-targets-5-10_xsd Drilldown into condition in schema fpml-fx-targets-5-10_xsd Drilldown into FxPayoffCap in schema fpml-fx-targets-5-10_xsdXSD Diagram of payoffCap in schema fpml-fx-accruals-5-10_xsd (Financial products Markup Language (FpML®))
Collapse XSD Schema Code: 
<xsd:element name="payoffCap" type="FxPayoffCap" minOccurs="0" maxOccurs="unbounded">
    <xsd:annotation>
        <xsd:documentation xml:lang="en">The amount of gain on the client upside or firm upside is limited. If spot settles above the cap, or below the floor, the payout is adjusted to limit the gain. The adjustment may be made by varying the strike, or by maintaining the strike, but varying the payout notionals.</xsd:documentation>
    </xsd:annotation>
</xsd:element>
Collapse Child Elements:
Name Type Min Occurs Max Occurs
condition nsA:condition (1) (1)
rate nsA:rate (1) (1)
settlementAdjustmentStyle nsA:settlementAdjustmentStyle (1) (1)
Collapse Derivation Tree:
Documentation for Financial products Markup Language (FpML®)

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