{
  "$schema": "http://json-schema.org/draft-04/schema#",
  "$anchor": "cdm.product.common.settlement",
  "type": "string",
  "title": "SettlementTypeEnum",
  "description": "The enumeration values to specify how the option is to be settled when exercised.",
  "enum": [
    "Cash",
    "CashOrPhysical",
    "Election",
    "Physical"
  ],
  "oneOf": [
    {
      "enum": [
        "Cash"
      ],
      "title": "Cash",
      "description": "The intrinsic value of the option will be delivered by way of a cash settlement amount determined, (i) by reference to the differential between the strike price and the settlement price; or (ii) in accordance with a bilateral agreement between the parties."
    },
    
    {
      "enum": [
        "CashOrPhysical"
      ],
      "title": "CashOrPhysical",
      "description": "Allow use of either Cash or Physical settlement without prior Election."
    },
    
    {
      "enum": [
        "Election"
      ],
      "title": "Election",
      "description": "Allow Election of either Cash or Physical settlement."
    },
    
    {
      "enum": [
        "Physical"
      ],
      "title": "Physical",
      "description": "The securities underlying the transaction will be delivered by (i) in the case of a call, the seller to the buyer, or (ii) in the case of a put, the buyer to the seller versus a settlement amount equivalent to the strike price per share."
    }
  ]
}