<OptionExercise> Component Block

The OptionExercise component is a subcomponent of the Instrument 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 OptionExerciseExpiration component is used to terminate the opportunity for exercise.

Used in :

<Instrument>

Tag	Field Name	FIXML	Req'd	Comments
41106	ExerciseDesc	@Desc	N	A description of the option exercise.
41107	EncodedExerciseDescLen	@EncDescLen	N	Must be set if EncodedExerciseDesc(41108) field is specified and must immediately precede it.
41108	EncodedExerciseDesc	@EncDesc	N	Encoded (non-ASCII characters) representation of the ExerciseDesc(41106) field in the encoded format specified via the MessageEncoding(347) field.
41109	AutomaticExerciseIndicator	@AutoExerInd	N	Indicates (when 'Y') that exercise is automatic when the strike price is crossed or the underlying trade is in the money.
41110	AutomaticExerciseThresholdRate	@AutoRt	N	The threshold rate for triggering automatic exercise.
41111	ExerciseConfirmationMethod	@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.
41112	ManualNoticeBusinessCenter	@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.
41113	FallbackExerciseIndicator	@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).
41114	LimitedRightToConfirmIndicator	@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.
41115	ExerciseSplitTicketIndicator	@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.
42590	SettlMethodElectingPartySide	@SettlMethElctngSide	N	Side value of the party electing the settlement method.
<SettlMethodElectionDate>			N
<OptionExerciseDates>			N
<OptionExerciseExpiration>			N
<OptionExerciseMakeWholeProvision>			N