Skip to main content

Foreign Ex-change Outright (FXOUT)

Description​

Two parties agree to exchange two fixed cash flows in different currencies at a certain point in time in future.

Real-world Instrument Examples (but not limited to)​

Any FX-outright transaction at a future date. This is also the underlying of FX-options and FX futures.

Required Terms​

  • contractDealDate
  • contractID
  • contractRole
  • contractType
  • counterpartyID
  • creatorID
  • currency
  • currency2
  • maturityDate
  • notionalPrincipal
  • notionalPrincipal2
  • statusDate

Conditional Groups​

Group 5​

  • Drivers: purchaseDate
  • Required if triggered: priceAtPurchaseDate
  • Optional: None

Group 6​

  • Drivers: terminationDate
  • Required if triggered: priceAtTerminationDate
  • Optional: None

Group 7​

  • Drivers: exerciseDate
  • Required if triggered: exerciseAmount
  • Optional: None

Standalone Optional Terms​

  • businessDayConvention
  • calendar
  • contractPerformance
  • delinquencyPeriod
  • delinquencyRate
  • deliverySettlement
  • endOfMonthConvention
  • gracePeriod
  • marketObjectCode
  • marketValueObserved
  • nonPerformingDate
  • seniority
  • settlementCurrency
  • settlementPeriod

Notes​

  • contractType is automatically set to "FXOUT" when using the class.