element <spotRate> (local)

Namespace: | http://www.fpml.org/FpML-5/confirmation
Type: | PositiveDecimal
Content: | simple
Defined: | locally witnin FxTouch complexType in fpml-fx-5-5.xsd; see XML source

Content Model Diagram

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

Simple Content Detail:

MinExclusive: | 0

Included in content model of elements (1):

  touch

Annotation
An optional element used for FX forwards and certain types of FX OTC options. For deals consumated in the FX Forwards Market, this represents the current market rate for a particular currency pair. For barrier and digital/binary options, it can be useful to include the spot rate at the time the option was executed to make it easier to know whether the market rate needs to move "up" or "down" to trigger a barrier event.
XML Source (w/o annotations (1); see within schema source)

<xsd:element minOccurs="0" name="spotRate" type="PositiveDecimal"/>

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.