CommodityExercise

The parameters for defining how the commodity option can be exercised, how it is priced and how it is settled.

Nested view
Tree view

Field	Type	Description	Print form title	FFSM title	Properties	Conditions
Choice begin
Branch1
americanExercise	CommodityAmericanExercise	The parameters for defining the exercise period for an American style option together with the rules governing the quantity of the commodity that can be exercised on any given exercise date.	American exercise style.		1-1, mre
Branch2
europeanExercise	CommodityEuropeanExercise	The parameters for defining the expiration date and time for a European or Asian style option. For an Asian style option the expiration date is equivalent to the termination date.	European exercise style.		1-1, mre
Choice end
automaticExercise	xsd:boolean	Specifies whether or not Automatic Exercise applies to a Commodity Option Transaction.	Automatic exercise.		0-1, ncf
writtenConfirmation	xsd:boolean	Specifies whether or not Written Confirmation applies to a Commodity Option Transaction.	Written confirmation.		0-1, ncf
settlementCurrency	IdentifiedCurrency	The currency into which the Commodity Option Transaction will settle. If this is not the same as the currency in which the Commodity Reference Price is quoted, then an FX determination method should also be specified.	Settlement currency.		0-1, mre, mfr
fx	CommodityFx	FX observations to be used to convert the observed Commodity Reference Price to the Settlement Currency.	FX rate determination.		0-1, ncf
conversionFactor	xsd:decimal	If the Notional Quantity is specified in a unit that does not match the unit in which the Commodity Reference Price is quoted, the scaling or conversion factor used to convert the Commodity Reference Price unit into the Notional Quantity unit should be stated here. If there is no conversion, this element is not intended to be used.	Unit conversion factor.		0-1, ncf
Choice begin
Branch1
relativePaymentDates	CommodityRelativePaymentDates	The Payment Dates of the trade relative to the Calculation Periods.	Relative payment dates.		1-1, ncf	At the first stage the repository doesn't use relative dates.
Branch2
Choice begin
Branch1
paymentDates	AdjustableDatesOrRelativeDateOffset	Dates on which payments will be made.	Payment dates.		1-1, mre
Branch2
masterAgreementPaymentDates	xsd:boolean	If present and true indicates that the Payment Date(s) are specified in the relevant master agreement.	Master agreement payment dates.		1-1, ncf
Choice end
Choice end

Collapse All | Expand All

CommodityExercise

A choice of the option exercise style.

americanExercise(CommodityAmericanExercise)

	The parameters for defining the exercise period for an American style option together with the rules governing the quantity of the commodity that can be exercised on any given exercise date.

exercisePeriod(CommodityExercisePeriods)

	Describes the American exercise periods.
	Exercise period.

commencementDate(AdjustableOrRelativeDate)

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

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.

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.

europeanExercise(CommodityEuropeanExercise)

	The parameters for defining the expiration date and time for a European or Asian style option. For an Asian style option the expiration date is equivalent to the termination date.

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. For an averaging option this is equivalent to the Termination Date.

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.

settlementCurrency(IdentifiedCurrency)

	The currency into which the Commodity Option Transaction will settle. If this is not the same as the currency in which the Commodity Reference Price is quoted, then an FX determination method should also be specified.

A choice of the dates specification.

Group

A choice of the dates specification.

paymentDates(AdjustableDatesOrRelativeDateOffset)

	Dates on which payments will be made.

A choice of the date specification.

adjustableDates(AdjustableDates)

	A series of adjustable dates.

unadjustedDate(IdentifiedDate)

	A date subject to adjustment.