AmericanExercise

A type defining the exercise period for an American style option together with any rules governing the notional amount of the underlying which can be exercised on any given exercise date and any associated exercise fees.

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Field	Type	Description	Print form title	FFSM title	Properties	Conditions
@id	xsd:ID				1-1, ncf
commencementDate	AdjustableOrRelativeDate	The first day of the exercise period for an American style option.	Commencement date.	Exercise period.	0-1, mre
expirationDate	AdjustableOrRelativeDate	The last day within an exercise period for an American style option. For a European style option it is the only day within the exercise period.	Expiration date.	Exercise period.	0-1, mre
relevantUnderlyingDate	AdjustableOrRelativeDates	The date on the underlying set by the exercise of an option. What this date is depends on the option (e.g. in a swaption it is the swap effective date, in an extendible/cancelable provision it is the swap termination date).	Relevant underlying date.		0-1, ncf
earliestExerciseTime	BusinessCenterTime	The earliest time at which notice of exercise can be given by the buyer to the seller (or seller's agent): (i) on the expriation date, in the case of a European style option, (ii) on each bermuda option exercise date and the expiration date, in the case of a Bermuda style option, (iii) from the commencement date to, and including, the expiration date, in the case of an American option.	Earliest exercise time.		0-1, ncf
latestExerciseTime	BusinessCenterTime	For a Bermuda or American style option, the latest time on an exercise business day (excluding the expiration date) within the exercise period that notice can be given by the buyer to the seller or seller's agent. Notice of exercise given after this time will be deemed to have been given on the next exercise business day.	Latest exercise time.		0-1, ncf
expirationTime	BusinessCenterTime	The latest time for exercise on expirationDate.	Expiration time.		0-1, ncf
multipleExercise	MultipleExercise	As defined in the 2000 ISDA Definitions, Section 12.4. Multiple Exercise, the buyer of the option has the right to exercise all or less than all the unexercised notional amount of the underlying swap on one or more days in the exercise period, but on any such day may not exercise less than the minimum notional amount or more that the maximum notional amount, and if an integral multiple amount is specified, the notional amount exercised must be equal to, or be an intergral multiple of, the integral multiple amount.	Multiple exercise.		0-1
exerciseFeeSchedule	ExerciseFeeSchedule	The fees associated with an exercise date. The fees are conditional on the exercise occuring. The fees can be specified as actual currency amounts or as percentages of the notional amount being exercised.	Exercise fee schedule.		0-1, ncf

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AmericanExercise

commencementDate(AdjustableOrRelativeDate)

	The first day of the exercise period for an American style option.
	Exercise period.

A choice of the date specification.

adjustableDate(AdjustableDate)

	Conditionally filled element. This is to be included in case of reporting information about explicit adjustable dates. In other cases this is not supposed to be used. All underlying elements are included only in specified case.
	A date that shall be subject to adjustment if it would otherwise fall on a day that is not a business day in the specified business centers, together with the convention for adjusting the date.

unadjustedDate(IdentifiedDate)

	A date subject to adjustment.

expirationDate(AdjustableOrRelativeDate)

	The last day within an exercise period for an American style option. For a European style option it is the only day within the exercise period.
	Exercise period.

A choice of the date specification.

adjustableDate(AdjustableDate)

	Conditionally filled element. This is to be included in case of reporting information about explicit adjustable dates. In other cases this is not supposed to be used. All underlying elements are included only in specified case.
	A date that shall be subject to adjustment if it would otherwise fall on a day that is not a business day in the specified business centers, together with the convention for adjusting the date.

unadjustedDate(IdentifiedDate)

	A date subject to adjustment.

multipleExercise(MultipleExercise)

As defined in the 2000 ISDA Definitions, Section 12.4. Multiple Exercise, the buyer of the option has the right to exercise all or less than all the unexercised notional amount of the underlying swap on one or more days in the exercise period, but on any such day may not exercise less than the minimum notional amount or more that the maximum notional amount, and if an integral multiple amount is specified, the notional amount exercised must be equal to, or be an intergral multiple of, the integral multiple amount.

integralMultipleAmount(decimal)

A notional amount which restricts the amount of notional that can be exercised when partial exercise or multiple exercise is applicable. The integral multiple amount defines a lower limit of notional that can be exercised and also defines a unit multiple of notional that can be exercised, i.e. only integer multiples of this amount can be exercised.

A choice of the minimum exercise volume.

minimumNotionalAmount(decimal)

	The minimum notional amount that can be exercised on a given exercise date. See multipleExercise.

minimumNumberOfOptions(nonNegativeInteger)

	The minimum number of options that can be exercised on a given exercise date.

A choice of the maximum exercise volume.

maximumNotionalAmount(decimal)

	The maximum notional amount that can be exercised on a given exercise date.

maximumNumberOfOptions(NonNegativeDecimal)

	The maximum number of options that can be exercised on a given exercise date. If the number is not specified, it means that the maximum number of options corresponds to the remaining unexercised options.
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