Options and Events May Have Characteristics

It is possible that your algorithms require extra information related to a contract option or a contract option event. For example, perhaps the customer's demand during a contract option event period must be compared to a subscribed demand. Perhaps the subscribed demand is applicable to all customers linked to this contract option. Or perhaps the subscribed demand changes for each instance of the option, in other words for each event.

Characteristics are used to define this extra information. Your algorithms would then use the information in the characteristic collection for either the contract option or the contract option event during its processing.