Unit
A string representing what is being paid.
Asset
It can be a currency such as USD, EUR. e.g. in a Bond
It can be a stock, index, or a commodity such as SPX, AAPL, CL. e.g. in a Vanilla Option
Track
In can represent a track, e.g. in a Bermuda Swaption
this event indicates the choice to switch to the underlying swap (track .swp)
instead of continuing on the current track (.opt)
Phrase
such as a payoff formula in a Autocallable Note
Snap
such as the accumulated returns in an accumulator cliquet. See more in the Snapper section.
Snapper
It can also represent an action, such as the snapper that updates an accumulator from the current return.