underlying_price

The underlying_price is the current price per unit of the underlying Equity or Commodity on the reporting date. It is denominated in the derivative currency_code and can be multiplied by the derivative underlying_quantity.

Equity derivatives

It represents the number of shares/units allocated to the contract. Example of a derivative referencing 10 shares, each with a current price of $50:

• currency_code = “USD”
• underlying_price = 50
• underlying_quantity = 10
• notional_amount = 50 * 10 = 500

Commodity derivatives

It represents the number of the relevant underlying quantity (barrels, tons etc...). Example of a derivative referencing 10 barrels of oil, each with a current price of $125:

• currency_code = “USD”
• underlying_price = 125
• underlying_quantity = 10
• notional_amount = 125 * 10 = 1250