element <recoveryFactor> (local)

Namespace:	http://www.fpml.org/FpML-5/confirmation
Type:	DecimalFraction
Content:	simple
Defined:	locally within FixedRecovery.model group in fpml-cd-5-13.xsd; see XML source

Component Diagram

XML Representation Summary
<recoveryFactor>
	Content:	{ xsd:decimal }
</recoveryFactor>

Included in content model of elements (1):

cashSettlementTerms

Annotation

Used for fixed recovery, specifies the recovery level, determined at contract inception, to be applied on a default. Used to calculate the amount paid by the seller to the buyer for cash settlement on the cash settlement date. Amount calculation is (1 minus the Recovery Factor) multiplied by the Floating Rate Payer Calculation Amount. The currency will be derived from the Floating Rate Payer Calculation Amount.

XML Source (w/o annotations (1); see within schema source)

<xsd:element name="recoveryFactor" type="DecimalFraction"/>

XML schema documentation generated with FlexDoc/XML 1.12.2 using FlexDoc/XML XSDDoc 2.9.1 template set. All XSD diagrams generated by FlexDoc/XML DiagramKit.