<LegOptionExercise> Component Block

The LegOptionExercise component is a subcomponent of the InstrumentLeg component used to specify option exercise provisions. Its purpose is to identify the opportunities and conditions for exercise, e.g. the schedule of dates on which exercise is allowed. The embedded LegOptionExerciseExpiration component is used to terminate the opportunity for exercise.

Used in :

<InstrumentLeg>

Tag	Field Name	FIXML	Req'd	Comments
41481	LegExerciseDesc	@Desc	N	A description of the option exercise.
41482	EncodedLegExerciseDescLen	@EncDescLen	N	Must be set if EncodedLegExerciseDesc (41483) field is specified and must immediately precede it.
41483	EncodedLegExerciseDesc	@EncDesc	N	Encoded (non-ASCII characters) representation of the LegExerciseDesc(41481) field in the encoded format specified via the MessageEncoding(347) field.
41484	LegAutomaticExerciseIndicator	@AutoExerInd	N	Indicates (when 'Y') that exercise is automatic when the strike price is crossed or the underlying trade is in the money.
41485	LegAutomaticExerciseThresholdRate	@AutoRt	N	The threshold rate for triggering automatic exercise.
41486	LegExerciseConfirmationMethod	@ExerCnfm	N	Indicates whether follow-up confirmation of exercise (written or electronic) is required following telephonic notice by the buyer to the seller or seller's agent.
41487	LegManualNoticeBusinessCenter	@ManNtcBizCtr	N	Identifies the business center used for adjusting the time for manual exercise notice. See http://www.fpml.org/coding-scheme/business-center for standard 4-character code values.
41488	LegFallbackExerciseIndicator	@FallbckExerInd	N	Indicates whether the notional amount of the underlying swap, not previously exercised under the option, will be automatically exercised at the expiration 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 one tenth of a percentage point (0.10% or 0.001).
41489	LegLimitRightToConfirmIndicator	@LtdRightCnfmInd	N	Indicates whether the Seller may request the Buyer to confirm its intent to exercise if not done on or before the expiration time on the expiration date. If true ("Y") specific rules will apply in relation to the settlement mode.
41490	LegExerciseSplitTicketIndicator	@ExerSplitTktInd	N	Indicates in physical settlement of bond and convertible bond options whether the party required to deliver the bonds will divide those to be delivered as notifying party desires to facilitate delivery obligations.
42391	LegSettlMethodElectingPartySide	@SettlMethElctngSide	N	Side value of the party electing the settlement method.
<LegSettlMethodElectionDate>			N
<LegOptionExerciseDates>			N
<LegOptionExerciseExpiration>			N
<LegOptionExerciseMakeWholeProvision>			N