Component UnderlyingOptionExerciseMakeWholeProvision Scenario base

SYNOPSIS: UnderlyingOptionExerciseMakeWholeProvision is a subcomponent of the UnderlyingOptionExercise component used to specify the set of rules of maintaining balance when an option is exercised.
ELABORATION: 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.

ID Abbr
4429MakeWhole

Pedigree

Added EP Updated EP Deprecated EP
FIX.5.0SP2208

Members

ID Name Abbr Presence Description
42888UnderlyingMakeWholeDateDt optional SYNOPSIS: The date through which the option cannot be exercised without penalty.
42889UnderlyingMakeWholeAmountAmt optional SYNOPSIS: Amount to be paid by the buyer of the option if the option is exercised prior to the UnderlyingMakeWholeDate(42888).
42890UnderlyingMakeWholeBenchmarkCurveNameName optional SYNOPSIS: Identifies the benchmark floating rate index.
42891UnderlyingMakeWholeBenchmarkCurvePointPoint optional SYNOPSIS: 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.
42892UnderlyingMakeWholeRecallSpreadSpread optional SYNOPSIS: Spread over the floating rate index.
42893UnderlyingMakeWholeBenchmarkQuoteQte optional SYNOPSIS: The quote side of the benchmark to be used for calculating the "make whole" amount.
42894UnderlyingMakeWholeInterpolationMethodIntrpltnMeth optional SYNOPSIS: The method used when calculating the "make whole" amount. The most common is linear method.