The OptionExercise component is a subcomponent of the Instrument 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 OptionExerciseExpiration component is used to terminate the opportunity for exercise.


Tag Field Name Req'd Comments
41106 ExerciseDesc N
41107 EncodedExerciseDescLen N

Must be set if EncodedExerciseDesc <41108> field is specified and must immediately precede it.

41108 EncodedExerciseDesc N

Encoded (non-ASCII characters) representation of the ExerciseDesc <41106> field in the encoded format specified via the MessageEncoding <347> field.

41109 AutomaticExerciseIndicator N
41110 AutomaticExerciseThresholdRate N
41111 ExerciseConfirmationMethod N
41112 ManualNoticeBusinessCenter N
41113 FallbackExerciseIndicator N
41114 LimitedRightToConfirmIndicator N
41115 ExerciseSplitTicketIndicator N
42590 SettlMethodElectingPartySide N
Component Block - <SettlMethodElectionDate> N
Component Block - <OptionExerciseDates> N
Component Block - <OptionExerciseExpiration> N
Component Block - <OptionExerciseMakeWholeProvision> N

Used In