 Option F |
9a |
Mandatory in conditional (see rule C9) sequence D
This field indicates how settlement is to be effected.
Settlement Type must contain one of the following codes (Error code(s): T60):
| NETCASH |
The underlying amount of the option is to be compensated against a foreign exchange deal and the seller of the option will settle the difference, in the counter currency, with the buyer. A non deliverable option (field 17F = Y) is cash settled with no foreign exchange deal behind it. |
| PRINCIPAL |
The underlying currency amount and the counter currency amount are exchanged at the exercise of the option. |
