EquityProductModifications

rosetta-source/src/main/rosetta/product-template-type.rosetta

@@ -722,7 +722,7 @@ type ExerciseTerms: <"A class defining the exercise period for an option togethe
     relevantUnderlyingDate AdjustableOrRelativeDates (0..1) <"The effective date on the underlying product if the option is exercised.  For example, for a swaption it is the swap effective date, for an option on an FX spot or forward it is the value date for settlement, and in an extendible/cancelable provision it is the swap termination date, which is the date on which the termination is effective.'">
     earliestExerciseTime BusinessCenterTime (0..1) <"The earliest time at which notice of exercise can be given by the buyer to the seller (or seller's agent) to, and including, the expiration date.">
     latestExerciseTime BusinessCenterTime (0..1) <"For a Bermuda or American style option, the latest time on an exercise business day (excluding the expiration date) within the exercise period that notice can be given by the buyer to the seller or seller's agent. Notice of exercise given after this time will be deemed to have been given on the next exercise business day.">
-    expirationTime BusinessCenterTime (1..1) <"The latest time for exercise on expirationDate. It is made mandatory given that for all option styles, this field is required.">
+    expirationTime BusinessCenterTime (0..1) <"The latest time for exercise on expirationDate. It is made mandatory given that for all option styles, this field is required.">
     expirationTimeType ExpirationTimeTypeEnum (1..1) <"The time of day at which the equity option expires, for example the official closing time of the exchange.">
     multipleExercise MultipleExercise (0..1) <"As defined in the 2000 ISDA Definitions, Section 12.4. Multiple Exercise, the buyer of the option has the right to exercise all or less than all the unexercised notional amount of the underlying swap on one or more days in the exercise period, but on any such day may not exercise less than the minimum notional amount or more that the maximum notional amount, and if an integral multiple amount is specified, the notional amount exercised must be equal to, or be an integral multiple of, the integral multiple amount.">
     exerciseFeeSchedule ExerciseFeeSchedule (0..1) <"The fees associated with an exercise date. The fees are conditional on the exercise occurring. The fees can be specified as actual currency amounts or as percentages of the notional amount being exercised.">
@@ -757,6 +757,10 @@ type ExerciseTerms: <"A class defining the exercise period for an option togethe
                 and earliestExerciseTime exists
                 and partialExercise is absent
                 and exerciseFee is absent
+
+    condition ExpirationTimeChoice: <"Condition to validate the existence of correlation between expirationTime and expirationTimeType">
+        (if expirationTime exists then expirationTimeType = ExpirationTimeTypeEnum -> SpecificTime or 
+        if expirationTimeType = ExpirationTimeTypeEnum -> SpecificTime then expirationTime exists)
 
 type AutomaticExercise: <"A type to define automatic exercise of a swaption. With automatic exercise the option is deemed to have exercised if it is in the money by more than the threshold amount on the exercise date.">