OptionalEarlyTermination

A type defining an early termination provision where either or both parties have the right to exercise.

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Field	Type	Description	Print form title	FFSM title	Properties	Conditions
singlePartyOption	SinglePartyOption	If optional early termination is not available to both parties then this component specifies the buyer and seller of the option.	Single party option.		0-1, mfr
exercise	Field must be replaced by one of next elments: americanExercise, bermudaExercise, europeanExercise,				0-1, mre, mfr
exerciseNotice	ExerciseNotice	Definition of the party to whom notice of exercise should be given.	Exercise notice.		0-∞, ncf	This is not used in messages to the repository.
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, ncf	This is not used in messages to the repository.
calculationAgent	CalculationAgent	The ISDA Calculation Agent responsible for performing duties associated with an optional early termination.	Calculation agent.		0-1, mre, mfr
cashSettlement	CashSettlement	If specified, this means that cash settlement is applicable to the transaction and defines the parameters associated with the cash settlement prodcedure. If not specified, then physical settlement is applicable.	Cash settlement.		0-1, mre, mfr
optionalEarlyTerminationAdjustedDates	OptionalEarlyTerminationAdjustedDates	The adjusted dates associated with an early termination provision to terminate the trade at fair value where one or both parties have the right to decide on termination. These dates have been adjusted for any applicable business day convention.	Optional early termination adjusted dates.		0-1, mfr

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OptionalEarlyTermination

singlePartyOption(SinglePartyOption)

	If optional early termination is not available to both parties then this component specifies the buyer and seller of the option.

buyerPartyReference(PartyReference)

	A reference to the party that buys this instrument, ie. pays for this instrument and receives the rights defined by it. See 2000 ISDA definitions Article 11.1 (b). In the case of FRAs this the fixed rate payer.
	Party code.

sellerPartyReference(PartyReference)

	A reference to the party that sells ("writes") this instrument, i.e. that grants the rights defined by this instrument and in return receives a payment for it. See 2000 ISDA definitions Article 11.1 (a). In the case of FRAs this is the floating rate payer.
	Party code.

exercise(Exercise)

Is substituted by one of the elements: americanExercise bermudaExercise europeanExercise

	An placeholder for the actual option exercise definitions.

calculationAgent(CalculationAgent)

	The ISDA Calculation Agent responsible for performing duties associated with an optional early termination.

A choice of the method of defining a calculation agent.

calculationAgentPartyReference(PartyReference)

	A pointer style reference to a party identifier defined elsewhere in the document. The party referenced is the ISDA Calculation Agent for the trade. If more than one party is referenced then the parties are assumed to be co-calculation agents, i.e. they have joint responsibility.

cashSettlement(CashSettlement)

	If specified, this means that cash settlement is applicable to the transaction and defines the parameters associated with the cash settlement prodcedure. If not specified, then physical settlement is applicable.

cashSettlementPaymentDate(CashSettlementPaymentDate)

The date on which the cash settlement amount will be paid, subject to adjustment in accordance with any applicable business day convention. This component would not be present for a mandatory early termination provision where the cash settlement payment date is the mandatory early termination date.

A choice of the date 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.

optionalEarlyTerminationAdjustedDates(OptionalEarlyTerminationAdjustedDates)

	The adjusted dates associated with an early termination provision to terminate the trade at fair value where one or both parties have the right to decide on termination. These dates have been adjusted for any applicable business day convention.

earlyTerminationEvent(EarlyTerminationEvent)

	The adjusted dates associated with an individual earley termination date.

adjustedExerciseDate(date)

	The date on which option exercise takes place. This date should already be adjusted for any applicable business day convention.
	Exercise period or call, put or cancellation date.

adjustedEarlyTerminationDate(date)

	The early termination date that is applicable if an early termination provision is exercised. This date should already be adjusted for any applicable business day convention.

adjustedCashSettlementValuationDate(date)

	The date by which the cash settlement amount must be agreed. This date should already be adjusted for any applicable business day convention.

adjustedCashSettlementPaymentDate(date)

	The date on which the cash settlement amount is paid. This date should already be adjusted for any applicable business dat convention.

adjustedExerciseFeePaymentDate(date)

	The date on which the exercise fee amount is paid. This date should already be adjusted for any applicable business day convention.