<UnderlyingOptionExercise> Component Block

The UnderlyingOptionExercise component is a subcomponent of the UnderlyingInstrument 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 UnderlyingOptionExerciseExpiration component is used to terminate the opportunity for exercise.

Used in :

<UnderlyingInstrument>

Tag	Field Name	FIXML	Req'd	Comments
41810	UnderlyingExerciseDesc	@Desc	N	A description of the option exercise.
41811	EncodedUnderlyingExerciseDescLen	@EncDescLen	N	Must be set if EncodedUnderlyingExerciseDesc(41812) field is specified and must immediately precede it.
41812	EncodedUnderlyingExerciseDesc	@EncDesc	N	Encoded (non-ASCII characters) representation of the UnderlyingExerciseDesc(41810) field in the encoded format specified via the MessageEncoding(347) field.
41813	UnderlyingAutomaticExerciseIndicator	@AutoExerInd	N	Indicates (when 'Y') that exercise is automatic when the strike price is crossed or the underlying trade is in the money.
41814	UnderlyingAutomaticExerciseThresholdRate	@AutoRt	N	The threshold rate for triggering automatic exercise.
41815	UnderlyingExerciseConfirmationMethod	@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.
41816	UnderlyingManualNoticeBusinessCenter	@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.
41817	UnderlyingFallbackExerciseIndicator	@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).
41818	UnderlyingLimitedRightToConfirmIndicator	@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.
41819	UnderlyingExerciseSplitTicketIndicator	@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.
42887	UnderlyingSettlMethodElectingPartySide	@SettlMethElctngSide	N	Side value of the party electing the settlement method.
<UnderlyingSettlMethodElectionDate>			N
<UnderlyingOptionExerciseDates>			N
<UnderlyingOptionExerciseExpiration>			N
<UnderlyingOptionExerciseMakeWholeProvision>			N

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