element <WACCapInterestProvision> (local)

Namespace: | http://www.fpml.org/FpML-5/pretrade
Type: | xsd:boolean
Content: | simple
Defined: | locally witnin FloatingAmountProvisions complexType in fpml-cd-5-5.xsd; see XML source

Content Model Diagram

XML Representation Summary
<WACCapInterestProvision>
| Content: | { xsd:boolean }
</WACCapInterestProvision>

Included in content model of elements (1):

  floatingAmountProvisions

Annotation
As specified by the ISDA Supplement for use with trades on mortgage-backed securities, "WAC Cap" means a weighted average coupon or weighted average rate cap provision (however defined in the Underlying Instruments) of the Underlying Instruments that limits, increases or decreases the interest rate or interest entitlement, as set out in the Underlying Instruments on the Effective Date without regard to any subsequent amendment The presence of the element with value set to 'true' signifies that the provision is applicable. From a usage standpoint, this provision is typically applicable in the case of CMBS and not applicable in case of RMBS trades.
XML Source (w/o annotations (1); see within schema source)

<xsd:element minOccurs="0" name="WACCapInterestProvision" type="xsd:boolean"/>

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.