element <floorRate> (local)

Namespace: | http://www.fpml.org/FpML-5/confirmation
Type: | Strike
Content: | complex, 1 attribute, 3 elements
Defined: | locally witnin FloatingRateDefinition complexType in fpml-ird-5-3.xsd; see XML source

Content Model Diagram

XML Representation Summary
<floorRate
id | = | xsd:ID
| >
Content: | strikeRate, buyer?, seller?
</floorRate>

Content model elements (3):

  buyer (defined in Strike complexType), seller (defined in Strike complexType), | strikeRate

Included in content model of elements (1):

  floatingRateDefinition

Annotation
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"/>

XML schema documentation generated with DocFlex/XML 1.8.6b2 using DocFlex/XML XSDDoc 2.5.1 template set. All content model diagrams generated by Altova XMLSpy via DocFlex/XML XMLSpy Integration.