complexType "FloatingRateDefinition"
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Content Model Diagram
XML Representation Summary |
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Content Model Elements (6):
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All Direct / Indirect Based Elements (1):
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Known Usage Locations
Annotation
A type defining parameters associated with a floating rate reset. This type forms part of the cashflows representation of a stream.
XML Source (w/o annotations (7); see within schema source)
| <xsd:complexType name="FloatingRateDefinition"> <xsd:sequence> <xsd:element minOccurs="0" name="spread" type="xsd:decimal"/> <xsd:element maxOccurs="unbounded" minOccurs="0" name="capRate" type="Strike"/> <xsd:element maxOccurs="unbounded" minOccurs="0" name="floorRate" type="Strike"/> </xsd:sequence> </xsd:complexType> |
Content Element Detail (all declarations; defined within this component only; 6/6) -
Type: |
xsd:decimal, predefined, simple content |
The final calculated rate for a calculation period after any required averaging of rates A calculated rate of 5% would be represented as 0.05.
XML Source (w/o annotations (1); see within schema source)
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The cap rate, if any, which applies to the floating rate for the calculation period. The cap rate (strike) is only required where the floating rate on a swap stream is capped at a certain strike level. The cap rate is assumed to be exclusive of any spread and is a per annum rate, expressed as a decimal. A cap rate of 5% would be represented as 0.05.
XML Source (w/o annotations (1); see within schema source)
| <xsd:element maxOccurs="unbounded" minOccurs="0" name="capRate" type="Strike"/> |
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Type: |
xsd:decimal, predefined, simple content |
A rate multiplier to apply to the floating rate. The multiplier can be a positive or negative decimal. This element should only be included if the multiplier is not equal to 1 (one).
XML Source (w/o annotations (1); see within schema source)
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The floor rate, if any, which applies to the floating rate for the calculation period. The floor rate (strike) is only required where the floating rate on a swap stream is floored at a certain strike level. The floor rate is assumed to be exclusive of any spread and is a per annum rate, expressed as a decimal. The floor rate of 5% would be represented as 0.05.
XML Source (w/o annotations (1); see within schema source)
| <xsd:element maxOccurs="unbounded" minOccurs="0" name="floorRate" type="Strike"/> |
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The details of a particular rate observation, including the fixing date and observed rate. A list of rate observation elements may be ordered in the document by ascending adjusted fixing date. An FpML document containing an unordered list of rate observations is still regarded as a conformant document.
XML Source (w/o annotations (1); see within schema source)
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Type: |
xsd:decimal, predefined, simple content |
The ISDA Spread, if any, which applies for the calculation period. The spread is a per annum rate, expressed as a decimal. For purposes of determining a calculation period amount, if positive the spread will be added to the floating rate and if negative the spread will be subtracted from the floating rate. A positive 10 basis point (0.1%) spread would be represented as 0.001.
XML Source (w/o annotations (1); see within schema source)
| <xsd:element minOccurs="0" name="spread" type="xsd:decimal"/> |
