EquityBermudaExercise

A type for defining exercise procedures associated with a Bermuda style exercise of an equity option. The term Bermuda is adopted in FpML for consistency with the ISDA Definitions.

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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.	1-1, mre
Choice begin
Branch1
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.		1-1, mre
Branch2
latestExerciseTimeDetermination	DeterminationMethod	Latest exercise time determination method.	Latest exercise time determination.		1-1, mre, mfr
Choice end
bermudaExerciseDates	DateList	List of Exercise Dates for a Bermuda option.	Bermuda exercise dates.		0-1, mre
latestExerciseTimeType	TimeTypeEnum	The latest time of day at which the equity option can be exercised, for example the official closing time of the exchange.	Latest exercise time type.		0-1, ncf
Choice begin
Branch1
equityExpirationTimeType	TimeTypeEnum	The time of day at which the equity option expires, for example the official closing time of the exchange.	Expiration time type.		0-1, afr
equityExpirationTime	BusinessCenterTime	The specific time of day at which the equity option expires.	Expiration time.		0-1, ncf
Branch2
expirationTimeDetermination	DeterminationMethod	Expiration time determination method.	Expiration time determination.		1-1, ncf
Choice end
equityMultipleExercise	EquityMultipleExercise	The presence of this element indicates that the option may be exercised on different days. It is not applicable to European options.	Equity multiple exercise.		0-1

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EquityBermudaExercise

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.

bermudaExerciseDates(DateList)

List of Exercise Dates for a Bermuda option.

date(date)

	Defines a date for a date list.

equityMultipleExercise(EquityMultipleExercise)

The presence of this element indicates that the option may be exercised on different days. It is not applicable to European options.

integralMultipleExercise(PositiveDecimal)

	When multiple exercise is applicable and this element is present it specifies that the number of options that can be exercised on a given exercise date must either be equal to the value of this element or be an integral multiple of it.
	(0;

minimumNumberOfOptions(NonNegativeDecimal)

	When multiple exercise is applicable this element specifies the minimum number of options that can be exercised on a given exercise date. If this element is not present then the minimum number is deemed to be 1. Its value can be a fractional number as a result of corporate actions.
	[0;

maximumNumberOfOptions(NonNegativeDecimal)

	When multiple exercise is applicable this element specifies the maximum number of options that can be exercised on a given exercise date. If this element is not present then the maximum number is deemed to be the same as the number of options. Its value can be a fractional number as a result of corporate actions.
	[0;