SecurityCreationRequestV01reda.006.001.01

Definition: Option style is defined using a code.

Type: OptionStyle1Code (String)

Allowed Values:

• AMER (American): Option can be exercised before or on expiry date.
• EURO (European): Option that can be exercised on expiry date only.
• BERM (Bermudan): Option that can be exercised on multiple discrete dates prior to, or on expiry date.
• ASIA (Asian): Option where the payoff is not determined by the underlying price at maturity but by the average underlying price over some pre-set period of time.
• CANA (Canary): Option whose exercise style lies somewhere between European options and Bermudan options. The holder can exercise the option at quarterly dates, but not before a set time period (typically one year) has elapsed.