ExerciseFeeSchedule

A type to define a fee or schedule of fees to be payable on the exercise of an option. This fee may be defined as an amount or a percentage of the notional exercised.

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Field	Type	Description	Print form title	FFSM title	Properties	Conditions
payerPartyReference	PartyReference	A reference to the party responsible for making the payments defined by this structure.	Payer.	Party code.	0-1, mre, mfr
payerAccountReference	AccountReference	A reference to the account of the payer party (specified by payerPartyReference) responsible for making the payments defined by this structure.	Payer's account.	Party's client.	0-1, ncf	At the first stage this element is not used in the repository messages.
receiverPartyReference	PartyReference	A reference to the party that receives the payments corresponding to this structure.	Receiver.	Party code.	0-1, mre, mfr
receiverAccountReference	AccountReference	A reference to the account of the receiver party (specified by receiverPartyReference) that receives the payments corresponding to this structure.	Receiver's account.	Party's client.	0-1, ncf	At the first stage this element is not used in the repository messages.
notionalReference	ScheduleReference	A pointer style reference to the associated notional schedule defined elsewhere in the document.	Notional reference.		0-1, ncf
Choice begin
Branch1
feeAmountSchedule	AmountSchedule	The exercise fee amount schedule. The fees are expressed as currency amounts. The currency of the fee is assumed to be that of the notional schedule referenced.	Fee amount schedule.		1-1, mre
Branch2
feeRateSchedule	Schedule	The exercise fee rate schedule. The fees are expressed as percentage rates of the notional being exercised. The currency of the fee is assumed to be that of the notional schedule referenced.	Fee rate schedule.		1-1, mre
Choice end
feePaymentDate	RelativeDateOffset	The date on which exercise fee(s) will be paid. It is specified as a relative date.	Fee payment date.		0-1, afr

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ExerciseFeeSchedule

payerPartyReference(PartyReference)

	A reference to the party responsible for making the payments defined by this structure.
	Party code.

receiverPartyReference(PartyReference)

	A reference to the party that receives the payments corresponding to this structure.
	Party code.

A choice of the method of defining a fee.

feeAmountSchedule(AmountSchedule)

	The exercise fee amount schedule. The fees are expressed as currency amounts. The currency of the fee is assumed to be that of the notional schedule referenced.

initialValue(decimal)

	The initial rate or amount, as the case may be. An initial rate of 5% would be represented as 0.05.

step(Step)

	The schedule of step date and value pairs. On each step date the associated step value becomes effective. A list of steps may be ordered in the document by ascending step date. An FpML document containing an unordered list of steps is still regarded as a conformant document.

stepDate(date)

	The date on which the associated stepValue becomes effective. This day may be subject to adjustment in accordance with a business day convention.

stepValue(decimal)

	The rate or amount which becomes effective on the associated stepDate. A rate of 5% would be represented as 0.05.

currency(Currency)

	The currency in which an amount is denominated.

feeRateSchedule(Schedule)

	The exercise fee rate schedule. The fees are expressed as percentage rates of the notional being exercised. The currency of the fee is assumed to be that of the notional schedule referenced.

initialValue(decimal)

	The initial rate or amount, as the case may be. An initial rate of 5% would be represented as 0.05.

step(Step)

	The schedule of step date and value pairs. On each step date the associated step value becomes effective. A list of steps may be ordered in the document by ascending step date. An FpML document containing an unordered list of steps is still regarded as a conformant document.

stepDate(date)

	The date on which the associated stepValue becomes effective. This day may be subject to adjustment in accordance with a business day convention.

stepValue(decimal)

	The rate or amount which becomes effective on the associated stepDate. A rate of 5% would be represented as 0.05.

feePaymentDate(RelativeDateOffset)

The date on which exercise fee(s) will be paid. It is specified as a relative 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.

adjustedDate(IdentifiedDate)

The date once the adjustment has been performed. (Note that this date may change if the business center holidays change).