This message type is exchanged by or on behalf of the institutions or corporate customers, party A and party B, which have agreed to a foreign currency option contract.
It is used to confirm the details of:
a new contract between the parties
an amendment to a previously agreed contract
the cancellation of a confirmation
the surrender of an option by the buyer (holder) to the seller (grantor) for compensation.
It may also be used to report the details of a contract to a trade repository.
