element <initialRate> (local)

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

Component Diagram

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

Included in content model of elements (5):

floatingRate (in floatingAmountCalculation),

floatingRateCalculation,

floatingRateCalculation (defined in InterestAccrualsMethod complexType),

floatingRateCalculation (defined in RateCalculation.model group),

inflationRateCalculation

Annotation

The initial floating rate reset agreed between the principal parties involved in the trade. This is assumed to be the first required reset rate for the first regular calculation period. It should only be included when the rate is not equal to the rate published on the source implied by the floating rate index. An initial rate of 5% would be represented as 0.05.

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

<xsd:element minOccurs="0" name="initialRate" type="xsd:decimal"/>

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.