<LegOptionExerciseMakeWholeProvision> Component Block

LegOptionExerciseMakeWholeProvision is a subcomponent of the LegOptionExercise component used to specify the set of rules of maintaining balance when an option is exercised.

A "make whole" provision seeks to penalize the the option buyer, i.e. make the seller "whole", if the buyer exercises the option prior to the make whole date, e.g. the early call date of a convertible bond.

Used in :

<LegOptionExercise>

Tag	Field Name	FIXML	Req'd	Comments
42392	LegMakeWholeDate	@Dt	N	The date through which option cannot be exercised without penalty.
42393	LegMakeWholeAmount	@Amt	N	Amount to be paid by the buyer of the option if the option is exercised prior to the LegMakeWholeDate(42392).
42394	LegMakeWholeBenchmarkCurveName	@Name	N	Identifies the benchmark floating rate index.
42395	LegMakeWholeBenchmarkCurvePoint	@Point	N	The point on the floating rate index curve. Sample values: M = combination of a number between 1-12 and an "M" for month, e.g. 3M Y = combination of number between 1-100 and a "Y" for year, e.g. 10Y 10Y-OLD = see above, then add "-OLD" when appropriate INTERPOLATED = the point is mathematically derived 2/2031 5 3/8 = the point is stated via a combination of maturity month / year and coupon.
42396	LegMakeWholeRecallSpread	@Spread	N	Spread over the floating rate index.
42397	LegMakeWholeBenchmarkQuote	@Qte	N	The quote side of the benchmark to be used for calculating the "make whole" amount.
42398	LegMakeWholeInterpolationMethod	@IntrpltnMeth	N	The method used when calculating the "make whole" amount. The most common is linear method.

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