Equity Observable

From Open Risk Manual

Definition

Equity Observable. An equity underlying component, which can be either a single equity asset, an equity index, or a custom basket of equity assets.

FpML: 'Specifies the underlying component, which can be either a single asset, an index, or a custom basket of assets.' Note that this refers to the observable, whether or not it is also the deliverable. That is, for the equity or basket or index in question, the value of something about it is observed, and the instrument is based on that. This may for example be the dividend, or it may be the value of an equity trading index.

Disclaimer

This entry annotates a FIBO Ontology Class. FIBO is a trademark and the FIBO Ontology is copyright of the EDM Council, released under the MIT Open Source License. There is no guarantee that the content of this page will remain aligned with, or correctly interprets, the concepts covered by the FIBO ontology.