FpML Issues Tracker

1359: FXOption settlementType

October 8, 2024

resolved

Tweak

Always

FX

XAPWG

BrianGibbons

None

Summary

Hi,

Can you please advise why there is no tag for 'settlementType' in the complexType "FxOption", even though it is present in complexType "BondOption".

I believe it is a standard requirement to denote if the settlement type is cash or physical.

Thanks,

Brian

Notes:

  • mgratacos

    10/08/24 10:07 am

    By default, if the currency is deliverable, the full currency amounts (put amount and call amount) will be exchanged (physically settled).

    If the currency is non-deliverable, then the cashSettlement element will be specified in the FpML to define the cash settlement details.

    This is consistent with the ISDA FX Defs.

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