Option K4!c[/35x](Type of Event) (Narrative)| Option K |
4!c[/35x] |
(Type of Event) (Narrative) |
Mandatory (C4)
This field specifies the event in the life of the option.
Type of Event must contain one of the following codes (Error code(s): T48):
| CLST |
This is a confirmation of a close out. |
| CONF |
This is a first confirmation. |
| KNIN |
This is a notice of a knock-in: the option has a specified spot level, which, if touched during the knock-in period, triggers the option into existence. Prior to that level being touched, no option exists. |
| KNOT |
This is a notice of a knock-out: the option has a specified spot level, which, if touched during the knock-out period, terminates the option. |
| OTHR |
Any other event, as specified in the second subfield. |
| TRIG |
This is a notice of a trigger hit. |
If Type of Event contains the code OTHR, Narrative is mandatory; otherwise Narrative is not allowed (Error code(s): D81).
