Tag 1481
UnderlyingPriceDeterminationMethod
Abbreviation:
PxDtrmnMethDescription
Specifies how the underlying price is determined at the point of option exercise. The underlying price may be set to the current settlement price, set to a special reference, set to the optimal value of the underlying during the defined period ("Look-back") or set to the average value of the underlying during the defined period ("Asian option").
Wire Format & Usage Example
Single field (key=value)
1481=1 (Regular)
In a FIX message (ExecutionReport)
8=FIX.4.4 | 9=... | 35=8 | 49=SENDER | 56=TARGET | 34=1 | 52=20240101-09:30:00.000 | … | 1481=1 (Regular) | … | 10=...
Fields are delimited by SOH (ASCII 0x01), shown here as " | ". The highlighted field 1481=1 (Regular) is this field's position in the message.
All valid values
| Wire | Name | Description |
|---|---|---|
1481=1 | Regular | Regular |
1481=2 | SpecialReference | Special reference |
1481=3 | OptimalValue | Optimal value (Lookback) |
1481=4 | AverageValue | Average value (Asian option) |
Enumerated Values
4| Value | Symbolic Name | Description | Added |
|---|---|---|---|
| 1 | Regular | Regular | FIX.5.0SP1 |
| 2 | SpecialReference | Special reference | FIX.5.0SP1 |
| 3 | OptimalValue | Optimal value (Lookback) | FIX.5.0SP1 |
| 4 | AverageValue | Average value (Asian option) | FIX.5.0SP1 |
Used in Messages
72BLAdjustedPositionReport7AdvertisementJAllocationInstructionBMAllocationInstructionAlertASAllocationReportAWAssignmentReportAYCollateralAssignmentBBCollateralInquiryBGCollateralInquiryAckBACollateralReportAXCollateralRequestAZCollateralResponseAKConfirmationBOContraryIntentionReporttCrossOrderCancelReplaceRequestuCrossOrderCancelRequestAADerivativeSecurityListBRDerivativeSecurityListUpdateReportQDontKnowTradeCEmailBNExecutionAcknowledgement8ExecutionReport6IOImListStrikePriceXMarketDataIncrementalRefreshVMarketDataRequestWMarketDataSnapshotFullRefreshiMassQuotebMassQuoteAcknowledgementACMultilegOrderCancelReplacesNewOrderCrossENewOrderListABNewOrderMultilegDNewOrderSingleBNewsGOrderCancelReplaceRequestFOrderCancelRequestBZOrderMassActionReportCAOrderMassActionRequestrOrderMassCancelReportqOrderMassCancelRequestAFOrderMassStatusRequestHOrderStatusRequestAMPositionMaintenanceReportALPositionMaintenanceRequestAPPositionReportSQuoteZQuoteCancelRQuoteRequestAGQuoteRequestRejectAJQuoteResponseAIQuoteStatusReportaQuoteStatusRequestAHRFQRequestANRequestForPositionsAORequestForPositionsAckdSecurityDefinitioncSecurityDefinitionRequestBPSecurityDefinitionUpdateReportySecurityListxSecurityListRequestBKSecurityListUpdateReportfSecurityStatuseSecurityStatusRequestBQSettlementObligationReportCDStreamAssignmentReportCCStreamAssignmentRequestAETradeCaptureReportARTradeCaptureReportAckADTradeCaptureReportRequestAQTradeCaptureReportRequestAckhTradingSessionStatus