CommodityPhysicalAmericanExercise

The parameters for defining the expiration date(s) and time(s) for an American style option.

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Field	Type	Description	Print form title	FFSM title	Properties	Conditions
@id	xsd:ID				1-1, ncf
Choice begin
Branch1
commencementDates	AdjustableOrRelativeDates	The first day(s) of the exercise period(s) for an American-style option.	Commencement date.		0-1, mre
expirationDates	AdjustableOrRelativeDates	The Expiration Date(s) of an American-style option.	Expiration date.		0-1, mre
Branch2
relativeCommencementDates	CommodityRelativeExpirationDates	The first day(s) of the exercise period(s) for an American-style option where it is relative to the occurrence of an external event.	Relative commencement dates.		0-1, mre
relativeExpirationDates	CommodityRelativeExpirationDates	The Expiration Date(s) of an American-style option where it is relative to the occurrence of an external event.	Relative expiration dates.		0-1, mre
Choice end
latestExerciseTime	PrevailingTime	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	PrevailingTime	The specific time of day at which the option expires.	Option expiration time.		0-1, ncf

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CommodityPhysicalAmericanExercise

A choice of the exercise period definition method.

Sequence

commencementDates(AdjustableOrRelativeDates)

The first day(s) of the exercise period(s) for an American-style option.

A choice of the dates specification.

adjustableDates(AdjustableDates)

	A series of dates that shall be subject to adjustment if they 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.

expirationDates(AdjustableOrRelativeDates)

The Expiration Date(s) of an American-style option.

A choice of the dates specification.

adjustableDates(AdjustableDates)

	A series of dates that shall be subject to adjustment if they 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.

Sequence

relativeCommencementDates(CommodityRelativeExpirationDates)

The first day(s) of the exercise period(s) for an American-style option where it is relative to the occurrence of an external event.

expireRelativeToEvent(CommodityExpireRelativeToEvent)

	Specifies whether the payment(s) occur relative to the date of a physical event.

expirationDateOffset(DateOffset)

Specifies any offset from the adjusted Calculation Period start date or adjusted Calculation Period end date applicable to each Payment Date.

periodMultiplier(integer)

	A time period multiplier, e.g. 1, 2 or 3 etc. A negative value can be used when specifying an offset relative to another date, e.g. -2 days.

period(PeriodEnum)

	A time period, e.g. a day, week, month or year of the stream. If the periodMultiplier value is 0 (zero) then period must contain the value D (day).
	D;W;M;Y;

dayType(DayTypeEnum)

	In the case of an offset specified as a number of days, this element defines whether consideration is given as to whether a day is a good business day or not. If a day type of business days is specified then non-business days are ignored when calculating the offset. The financial business centers to use for determination of business days are implied by the context in which this element is used. This element must only be included when the offset is specified as a number of days. If the offset is zero days then the dayType element should not be included.
	Business;Calendar;CommodityBusiness;CurrencyBusiness;ExchangeBusiness;ScheduledTradingDay;

businessDayConvention(BusinessDayConventionEnum)

	The convention for adjusting a date if it would otherwise fall on a day that is not a business day.
	FOLLOWING;FRN;MODFOLLOWING;PRECEDING;MODPRECEDING;NEAREST;NONE;NotApplicable;

A choice of the method of specifying financial business centers.

businessCenters(BusinessCenters)

	Financial business centers.

businessCenter(BusinessCenter)

	Financial business center.

relativeExpirationDates(CommodityRelativeExpirationDates)

The Expiration Date(s) of an American-style option where it is relative to the occurrence of an external event.