<UnderlyingOptionExerciseMakeWholeProvision> Component Block

UnderlyingOptionExerciseMakeWholeProvision is a subcomponent of the UnderlyingOptionExercise 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 makeWholeDate, e.g. the early call date of a convertible bond.

Used in :

<UnderlyingOptionExercise>

Tag	Field Name	FIXML	Req'd	Comments
42888	UnderlyingMakeWholeDate	@Dt	N	The date through which the option cannot be exercised without penalty.
42889	UnderlyingMakeWholeAmount	@Amt	N	Amount to be paid by the buyer of the option if the option is exercised prior to the UnderlyingMakeWholeDate(42888).
42890	UnderlyingMakeWholeBenchmarkCurveName	@Name	N	Identifies the benchmark floating rate index.
42891	UnderlyingMakeWholeBenchmarkCurvePoint	@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.
42892	UnderlyingMakeWholeRecallSpread	@Spread	N	Spread over the floating rate index.
42893	UnderlyingMakeWholeBenchmarkQuote	@Qte	N	The quote side of the benchmark to be used for calculating the "make whole" amount.
42894	UnderlyingMakeWholeInterpolationMethod	@IntrpltnMeth	N	The method used when calculating the "make whole" amount. The most common is linear method.