Documentation for Financial products Markup Language (FpML®)
Definition Type: ComplexType
Name: FxTrigger
Namespace: http://www.fpml.org/FpML-5/reporting
Containing Schema: fpml-fx-5-4.xsd
Abstract
Documentation:
Describes an FX trigger condition.
Collapse XSD Schema Diagram:
Drilldown into informationSource in schema fpml-fx-5-4_xsd Drilldown into spotRate in schema fpml-fx-5-4_xsd Drilldown into triggerRate in schema fpml-fx-5-4_xsd Drilldown into quotedCurrencyPair in schema fpml-fx-5-4_xsd Drilldown into triggerCondition in schema fpml-fx-5-4_xsdXSD Diagram of FxTrigger in schema fpml-fx-5-4_xsd (Financial products Markup Language (FpML®))
Collapse XSD Schema Code: 
<xsd:complexType name="FxTrigger">
    <xsd:annotation>
        <xsd:documentation xml:lang="en">Describes an FX trigger condition.</xsd:documentation>
    </xsd:annotation>
    <xsd:sequence>
        <xsd:element name="triggerCondition" type="TriggerConditionEnum" minOccurs="0">
            <xsd:annotation>
                <xsd:documentation xml:lang="en">The condition that applies to a European-style trigger. It determines where the rate at expiry date and time at must be relative to the triggerRate for the option to be exercisable. The allowed values are "Above" and "Below".</xsd:documentation>
            </xsd:annotation>
        </xsd:element>
        <xsd:element name="quotedCurrencyPair" type="QuotedCurrencyPair" minOccurs="0">
            <xsd:annotation>
                <xsd:documentation xml:lang="en">Defines the two currencies for an FX trade and the quotation relationship between the two currencies.</xsd:documentation>
            </xsd:annotation>
        </xsd:element>
        <xsd:element name="triggerRate" type="PositiveDecimal" minOccurs="0">
            <xsd:annotation>
                <xsd:documentation xml:lang="en">The market rate is observed relative to the trigger rate, and if it is found to be on the predefined side of (above or below) the trigger rate, a trigger event is deemed to have occurred.</xsd:documentation>
            </xsd:annotation>
        </xsd:element>
        <xsd:element name="spotRate" type="PositiveDecimal" minOccurs="0">
            <xsd:annotation>
                <xsd:documentation xml:lang="en">An optional element used for FX forwards and certain types of FX OTC options. For deals consumated in the FX Forwards Market, this represents the current market rate for a particular currency pair. For barrier and digital/binary options, it can be useful to include the spot rate at the time the option was executed to make it easier to know whether the option needs to move "up" or "down" to be triggered.</xsd:documentation>
            </xsd:annotation>
        </xsd:element>
        <xsd:element name="informationSource" type="InformationSource" maxOccurs="unbounded" minOccurs="0">
            <xsd:annotation>
                <xsd:documentation xml:lang="en">The information source where a published or displayed market rate will be obtained, e.g. Telerate Page 3750.</xsd:documentation>
            </xsd:annotation>
        </xsd:element>
    </xsd:sequence>
</xsd:complexType>
Collapse Child Elements:
Name Type Min Occurs Max Occurs
triggerCondition nsA:triggerCondition 0 (1)
quotedCurrencyPair nsA:quotedCurrencyPair 0 (1)
triggerRate nsA:triggerRate 0 (1)
spotRate nsA:spotRate 0 (1)
informationSource nsA:informationSource 0 unbounded
Collapse Derivation Tree:
Collapse References:
nsA:trigger
Documentation for Financial products Markup Language (FpML®)

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