Premium Price Per Option Expression

From Open Risk Manual

Definition

Premium Price Per Option Expression. The expression of the premium as a function of the number of options.

Specifically this is expressed as a monetary amount, where that monetary amount is the amount per option. FpML: 'The amount of premium to be paid expressed as a function of the number of options.'

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.