FA-61718 / Options payoff and settlement / Member archive

FX option premium quote conversion: pip quotes are applied without the pip size · case 03

Pip-quoted premiums are thousands of times too large.

Member previewVariant 3 · 3 implementations · 8 checks per implementation

Case contract

Inputs quote, quote type, base notional, spot and pip size. pips: term premium = quote*pip*notional, base = term/spot. pct_base: base = quote/100*notional, term = base*spot. pct_term: term = quote/100*notional*spot, base = term/spot. Exact fractions; return [term, base] rounded to 2 as floats.

Why this case matters

Option expiry, exercise and settlement engines move cash and shares; a wrong branch misstates obligations.

One recorded failure

Sample boundary fixture

This sample comes from the broken implementation of a controlled reproducer.

Boundary fixture	Actual	Expected	Outcome
regression pip scaling 1	`[45000000.0, 301305.66]`	`[450000.0, 3013.06]`	Failed

MEMBER ARCHIVE

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This record includes three runnable implementations, regression fixtures, execution results, and source hashes.

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