complexType "ExerciseProcedureOption"
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Content: |
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XML Representation Summary |
<...> |
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</...> |
Content Model Elements (2):
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All Direct / Indirect Based Elements (1):
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Annotation
A type describing how notice of exercise should be given. This can be either manual or automatic.
XML Source (w/o annotations (3); see within schema source)
<xsd:choice>
</xsd:choice>
</xsd:complexType>
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Content Element Detail (all declarations; defined within this component only; 2/2)
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If automatic is specified then the notional amount of the underlying swap, not previously exercised under the 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 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.
XML Source (w/o annotations (1); see within schema source)
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Specifies that the notice of exercise must be given by the buyer to the seller or seller's agent.
XML Source (w/o annotations (1); see within schema source)