The LegOptionExercise component is a subcomponent of the InstrumentLeg 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 LegOptionExerciseExpiration component is used to terminate the opportunity for exercise.


Tag Field Name Req'd Comments
41481 LegExerciseDesc N
41482 EncodedLegExerciseDescLen N

Must be set if EncodedLegExerciseDesc <41483> field is specified and must immediately precede it.

41483 EncodedLegExerciseDesc N

Encoded (non-ASCII characters) representation of the LegExerciseDesc <41481> field in the encoded format specified via the MessageEncoding <347> field.

41484 LegAutomaticExerciseIndicator N
41485 LegAutomaticExerciseThresholdRate N
41486 LegExerciseConfirmationMethod N
41487 LegManualNoticeBusinessCenter N
41488 LegFallbackExerciseIndicator N
41489 LegLimitRightToConfirmIndicator N
41490 LegExerciseSplitTicketIndicator N
42391 LegSettlMethodElectingPartySide N
Component Block - <LegSettlMethodElectionDate> N
Component Block - <LegOptionExerciseDates> N
Component Block - <LegOptionExerciseExpiration> N
Component Block - <LegOptionExerciseMakeWholeProvision> N

Used In