CancelForeignExchangeOptionV02

trea.011.001.02

Scope The CancelForeignExchangeOption message is sent by a participant to a central system or to a counterparty to notify the cancellation of a foreign currency option contract. Usage The message will contain a Related Reference to link it to the previously sent notification. It may contain a reason for cancellation. This message is only suitable for Simple (i.e. not Barrier) Vanilla (i.e. not Binary, Digital, Notouch) Foreign Exchange Options.

Message Construction

Every ISO20022 message has at the highest level what we call ‘building blocks’. Because the message is constructed as immutable records, the association is by composition. Below you can see the relationship between the message and its constituent building blocks: For comparison, see the ISO20022 official specification

classDiagram
     direction LR
%% CancelForeignExchangeOptionV02 recursion level 0 with max 0
CancelForeignExchangeOptionV02 *-- "1..1" TradeAgreement2 : TradeInformation
CancelForeignExchangeOptionV02 *-- "0..1" TradePartyIdentification4 : TradingSideIdentification
CancelForeignExchangeOptionV02 *-- "0..1" TradePartyIdentification4 : CounterpartySideIdentification
CancelForeignExchangeOptionV02 *-- "0..1" Option3 : Option
  

Now, we will zero-in one-by-one on each of these building blocks.

TradeInformation building block

Provides reference and date of the foreign exchange option trade which is cancelled. Date and identification of a trade together with references to previous events in its life. For comparison, see the ISO20022 official specification

classDiagram
   direction tb
%% TradeAgreement2 recursion level 0 with max 1
class TradeAgreement2{
    TradeDate IsoISODate
    NotificationIdentification IsoMax35Text
    CommonReference IsoMax35Text
    AmendOrCancelReason IsoMax35Text
    RelatedReference IsoMax35Text
}
  

TradeAgreement2 members

TradingSideIdentification building block

Specifies the trading side of the currency option trade which is cancelled. Entity involved in an activity. For comparison, see the ISO20022 official specification

classDiagram
   direction tb
%% TradePartyIdentification4 recursion level 0 with max 1
class TradePartyIdentification4{
    BuyerOrSellerIndicator OptionParty1Code
}
TradePartyIdentification4 *-- "0..1" FundIdentification2 : FundInformation
TradePartyIdentification4 *-- "1..1" IPartyIdentification8Choice : SubmittingParty
TradePartyIdentification4 *-- "1..1" IPartyIdentification8Choice : TradeParty
%% FundIdentification2 recursion level 1 with max 1
class FundIdentification2{
    FundIdentification IsoMax35Text
    AccountIdentificationWithCustodian IsoMax35Text
}
FundIdentification2 *-- "0..1" IPartyIdentification8Choice : CustodianIdentification
%% IPartyIdentification8Choice recursion level 1 with max 1
%% IPartyIdentification8Choice recursion level 1 with max 1
  

TradePartyIdentification4 members

CounterpartySideIdentification building block

Specifies the counterparty of the currency option trade which is cancelled. Entity involved in an activity. For comparison, see the ISO20022 official specification

classDiagram
   direction tb
%% TradePartyIdentification4 recursion level 0 with max 1
class TradePartyIdentification4{
    BuyerOrSellerIndicator OptionParty1Code
}
TradePartyIdentification4 *-- "0..1" FundIdentification2 : FundInformation
TradePartyIdentification4 *-- "1..1" IPartyIdentification8Choice : SubmittingParty
TradePartyIdentification4 *-- "1..1" IPartyIdentification8Choice : TradeParty
%% FundIdentification2 recursion level 1 with max 1
class FundIdentification2{
    FundIdentification IsoMax35Text
    AccountIdentificationWithCustodian IsoMax35Text
}
FundIdentification2 *-- "0..1" IPartyIdentification8Choice : CustodianIdentification
%% IPartyIdentification8Choice recursion level 1 with max 1
%% IPartyIdentification8Choice recursion level 1 with max 1
  

TradePartyIdentification4 members

Option building block

Specifies the parameters of the currency option which is bought by the trading side. List of elements which provide the parameters of an option trade. For comparison, see the ISO20022 official specification

classDiagram
   direction tb
%% Option3 recursion level 0 with max 1
class Option3{
    ExerciseStyle OptionStyle2Code
    EarliestExerciseDate IsoISODate
    ExpiryDateAndTime IsoISODateTime
    ExpiryLocation IsoMax4AlphaNumericText
    SettlementType SettlementType1Code
    AdditionalOptionInformation IsoMax140Text
}
Option3 *-- "1..1" AmountsAndValueDate2 : OptionAmounts
Option3 *-- "1..1" AgreedRate1 : StrikePrice
Option3 *-- "1..1" PremiumAmount2 : Premium
%% AmountsAndValueDate2 recursion level 1 with max 1
class AmountsAndValueDate2{
    CallAmount IsoActiveOrHistoricCurrencyAndAmount
    PutAmount IsoActiveOrHistoricCurrencyAndAmount
    FinalSettlementDate IsoISODate
}
%% AgreedRate1 recursion level 1 with max 1
class AgreedRate1{
    ExchangeRate IsoBaseOneRate
    UnitCurrency CurrencyCode
    QuotedCurrency CurrencyCode
}
%% PremiumAmount2 recursion level 1 with max 1
class PremiumAmount2{
    Amount IsoActiveOrHistoricCurrencyAndAmount
    SettlementDate IsoISODate
}
PremiumAmount2 *-- "0..1" IPremiumQuote1Choice : PremiumQuote
PremiumAmount2 *-- "0..1" IPartyIdentification8Choice : SettlementParty
  

Option3 members

Extensibility and generalization considerations

To facilitate generalized design patterns in the system, the CancelForeignExchangeOptionV02 implementation follows a specific implementaiton pattern. First of all, CancelForeignExchangeOptionV02 impleemnts IOuterRecord indicating it is the outermost logical part of the message definition. Like all message wrappers, CancelForeignExchangeOptionV02Document implements IOuterDocument. Because CancelForeignExchangeOptionV02 implements IOuterDocument, it is a suitable template parameter for IOuterDocument, and causes the internal ‘Message’ to be of type CancelForeignExchangeOptionV02.

classDiagram
    class IOuterRecord
    CancelForeignExchangeOptionV02 --|> IOuterRecord : Implements
    CancelForeignExchangeOptionV02Document --|> IOuterDocument~CancelForeignExchangeOptionV02~ : Implements
    class IOuterDocument~CancelForeignExchangeOptionV02~ {
        CancelForeignExchangeOptionV02 Message
     }
  

Document wrapper for serialization

The only real purpose CancelForeignExchangeOptionV02Document serves is to cause the document to be serialized into the ‘urn:iso:std:iso:20022:tech:xsd:trea.011.001.02’ namespace. Therefore, it will probably be the usual practice to build the message and construct this wrapper at the last minute using CancelForeignExchangeOptionV02.ToDocument() method. The returned CancelForeignExchangeOptionV02Document value will serialize correctly according to ISO 20022 standards.

classDiagram
    CancelForeignExchangeOptionV02Document *-- CancelForeignExchangeOptionV02 : Document
  

Sample of message format

This is an abbreviated version of what the message should look like.

<Document xmlns="urn:iso:std:iso:20022:tech:xsd:trea.011.001.02">
    <CclFXOptnV02>
        <TradInf>
            <!-- TradeInformation inner content -->
        </TradInf>
        <TradgSdId>
            <!-- TradingSideIdentification inner content -->
        </TradgSdId>
        <CtrPtySdId>
            <!-- CounterpartySideIdentification inner content -->
        </CtrPtySdId>
        <Optn>
            <!-- Option inner content -->
        </Optn>
    </CclFXOptnV02>
</Document>

Data from ISO specification

This is the technical data from the specification document.

<messageDefinition
  xmi:id="_KP1cKNE8Ed-BzquC8wXy7w_-352671200"
  name="CancelForeignExchangeOptionV02"
  definition="Scope&#xD;&#xA;The CancelForeignExchangeOption message is sent by a participant to a central system or to a counterparty to notify the cancellation of a foreign currency option contract.&#xD;&#xA;Usage&#xD;&#xA;The message will contain a Related Reference to link it to the previously sent notification. It may contain a reason for cancellation.&#xD;&#xA;This message is only suitable for Simple (i.e. not Barrier) Vanilla (i.e. not Binary, Digital, Notouch) Foreign Exchange Options."
  registrationStatus="Registered"
  messageSet="_wRx2x02rEeG_I4xRYCA_7g"
  xmlTag="CclFXOptnV02"
  rootElement="Document"
  xmlns:xmi="http://www.omg.org/XMI">
  <messageBuildingBlock
    xmi:id="_KP1cKdE8Ed-BzquC8wXy7w_1862314429"
    name="TradeInformation"
    definition="Provides reference and date of the foreign exchange option trade which is cancelled."
    registrationStatus="Provisionally Registered"
    maxOccurs="1"
    minOccurs="1"
    xmlTag="TradInf"
    complexType="_TJ8xhdp-Ed-ak6NoX_4Aeg_-401775147" />
  <messageBuildingBlock
    xmi:id="_KP1cKtE8Ed-BzquC8wXy7w_-332565898"
    name="TradingSideIdentification"
    definition="Specifies the trading side of the currency option trade which is cancelled."
    registrationStatus="Provisionally Registered"
    maxOccurs="1"
    minOccurs="0"
    xmlTag="TradgSdId"
    complexType="_PZvPRNp-Ed-ak6NoX_4Aeg_1453147738" />
  <messageBuildingBlock
    xmi:id="_KP1cK9E8Ed-BzquC8wXy7w_-131240239"
    name="CounterpartySideIdentification"
    definition="Specifies the counterparty of the currency option trade which is cancelled."
    registrationStatus="Provisionally Registered"
    maxOccurs="1"
    minOccurs="0"
    xmlTag="CtrPtySdId"
    complexType="_PZvPRNp-Ed-ak6NoX_4Aeg_1453147738" />
  <messageBuildingBlock
    xmi:id="_KP1cLNE8Ed-BzquC8wXy7w_-743534321"
    name="Option"
    definition="Specifies the parameters of the currency option which is bought by the trading side."
    registrationStatus="Provisionally Registered"
    maxOccurs="1"
    minOccurs="0"
    xmlTag="Optn"
    complexType="_TLSOQNp-Ed-ak6NoX_4Aeg_-1226899977" />
  <messageDefinitionIdentifier
    businessArea="trea"
    messageFunctionality="011"
    flavour="001"
    version="02" />
</messageDefinition>

ISO Building Blocks

The following items are used as building blocks to construct this message.