ExerciseProcedure

A type describing how notice of exercise should be given. This can be either manual or automatic.

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Field	Type	Description	Print form title	FFSM title	Properties	Conditions
Choice begin
Branch1
manualExercise	ManualExercise	Specifies that the notice of exercise must be given by the buyer to the seller or seller's agent.	Manual exercise.		1-1, mre
Branch2
automaticExercise	AutomaticExercise	If automatic is specified then the notional amount of the underlying asset/swap, not previously exercised under the option/swaption will be automatically exercised at the expriration time on the expiration date if at such time the buyer is in-the-money, provided that the difference between the settlement rate and the fixed rate under the relevant underlying asset/swap is not less than the specified threshold rate. The term in-the-money is assumed to have the meaning defining in the 2000 ISDA Definitions, Section 17.4 In-the-money.	Automatic exercise.		1-1, mre
Choice end
followUpConfirmation	xsd:boolean	A flag to indicate whether follow-up confirmation of exercise (written or electronic) is required following telephonic notice by the buyer to the seller or seller's agent.	Follow-up confirmation.		0-1, mre
limitedRightToConfirm	xsd:boolean	Has the meaning defined as part of the 1997 ISDA Government Bond Option Definitions, section 4.5 Limited Right to Confirm Exercise. If present, (i) the Seller may request the Buyer to confirm its intent if not done on or before the expiration time on the Expiration date (ii) specific rules will apply in relation to the settlement mode.	Limited right to confirm.		0-1
splitTicket	xsd:boolean	Typically applicable to the physical settlement of bond and convertible bond options. If present, means that the Party required to deliver the bonds will divide those to be delivered into such number of lots of such size as notifying party desires to facilitate delivery obligations.	Split ticket.		0-1

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ExerciseProcedure

Selecting one of variants:

manualExercise(ManualExercise)

	Specifies that the notice of exercise must be given by the buyer to the seller or seller's agent.

automaticExercise(AutomaticExercise)

If automatic is specified then the notional amount of the underlying asset/swap, not previously exercised under the option/swaption will be automatically exercised at the expriration time on the expiration date if at such time the buyer is in-the-money, provided that the difference between the settlement rate and the fixed rate under the relevant underlying asset/swap is not less than the specified threshold rate. The term in-the-money is assumed to have the meaning defining in the 2000 ISDA Definitions, Section 17.4 In-the-money.

followUpConfirmation(boolean)

A flag to indicate whether follow-up confirmation of exercise (written or electronic) is required following telephonic notice by the buyer to the seller or seller's agent.

limitedRightToConfirm(boolean)

Has the meaning defined as part of the 1997 ISDA Government Bond Option Definitions, section 4.5 Limited Right to Confirm Exercise. If present, (i) the Seller may request the Buyer to confirm its intent if not done on or before the expiration time on the Expiration date (ii) specific rules will apply in relation to the settlement mode.

splitTicket(boolean)

Typically applicable to the physical settlement of bond and convertible bond options. If present, means that the Party required to deliver the bonds will divide those to be delivered into such number of lots of such size as notifying party desires to facilitate delivery obligations.