Digital Payoff


Digital Payoff is a direct subtype of Contingent Payoff
aaaaaaaa aaaaaaaa aaaaaaaa aaaaaaaa aaaaaaaa aaaaaaaa aaaaaaaa aaaaaaaa aaaaaaaa aaaaaaaa aaaaaaaa aaaaaaaa aaaaaaaa aaaaaaaa aaaaaaaa aaaaaaaa
with functions Digital Payoff Functions, keys Digital Payoff keys and example object DigitalPay#4

TYPE INCLUSION RELATIONSHIPS

Contingent Payoff

Digital Payoff

</defs>

AVAILABLE FUNCTIONS

Create

</defs>

AVAILABLE CREATE FUNCTION KEYS

Amount

</defs>

TYPICAL OBJECTS OF TYPE Digital Payoff

DigitalPay

</defs>

This type represents the payment of a digital payoff in the context of a Structured Product
It represents the payment of a fixed amount per unit notional that is independent of the observed market prices of the relevant underlyings and specified through the key Amount.
Note that the timing of the payment is controlled by the applicable Structured Product and not defined here.