simpleType "SwaptionTypeEnum"
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Defined: |
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Used: |
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Simple Content Model |
enumeration of xsd:token |
Simple Content Restrictions:
Enumeration: |
"Payer" |
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A Payer swaption confers on the buyer the right, but not the obligation, to enter into the underlying swap as payer of the fixed rate (and receiver of the floating rate).
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"Receiver" |
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A Receiver swaption confers on the buyer the right, but not the obligation, to enter into the underlying swap as receiver of the fixed rate (and payer of the floating rate).
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"Straddle" |
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A swaption straddle is a strategy trade, in which the buyer simultaneously purchases a Payer and a Receiver swaption at the same strike (fixed rate) and with otherwise identical economic characteristics.
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"NonStandard" |
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This designation is reserved for swaptions with non-standard characteristics e.g. having a basis swap or cross-currency swap underlyer.
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All Direct / Indirect Based Elements (1):
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Annotation
Specifies the type of the swaption. A swaption is an option which confers on the buyer the right, but not the obligation, to enter into an interest rate swap (the "underlying" transaction) on exercise. The underlyer is typically a "vanilla" fixed-floating, single-currency interest rate swap.
Type Derivation Tree
xsd:token (restriction)
SwaptionTypeEnum
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Derivation: |
restriction of xsd:token
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Facets: |
enumeration: |
"Payer" |
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A Payer swaption confers on the buyer the right, but not the obligation, to enter into the underlying swap as payer of the fixed rate (and receiver of the floating rate).
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"Receiver" |
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A Receiver swaption confers on the buyer the right, but not the obligation, to enter into the underlying swap as receiver of the fixed rate (and payer of the floating rate).
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"Straddle" |
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A swaption straddle is a strategy trade, in which the buyer simultaneously purchases a Payer and a Receiver swaption at the same strike (fixed rate) and with otherwise identical economic characteristics.
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"NonStandard" |
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This designation is reserved for swaptions with non-standard characteristics e.g. having a basis swap or cross-currency swap underlyer.
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XML Source (w/o annotations (5); see within schema source)
<xsd:restriction base="xsd:token">
<xsd:enumeration value="Payer"/>
<xsd:enumeration value="Receiver"/>
<xsd:enumeration value="Straddle"/>
<xsd:enumeration value="NonStandard"/>
</xsd:restriction>
</xsd:simpleType>
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