element <initialRate> (local)

Namespace: | http://www.fpml.org/FpML-5/confirmation
Type: | xsd:decimal
Content: | simple
Defined: | locally witnin FloatingRateCalculation complexType in fpml-shared-5-3.xsd; see XML source

Content Model Diagram

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

Included in content model of elements (3):

  floatingRateCalculation,
  floatingRateCalculation (defined in InterestAccrualsMethod complexType),
  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 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.