element <initialPoints> (local)

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

Content Model Diagram

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

Included in content model of elements (2):

  feeLeg (defined in CreditDefaultSwap complexType), | feeLeg (defined in LimitedCreditDefaultSwap complexType)

Annotation
An optional element that contains the up-front points expressed as a percentage of the notional. An initialPoints value of 5% would be represented as 0.05. The initialPoints element is an alternative to marketFixedRate in quoting the traded level of a trade. When initialPoints is used, the traded level is the sum of fixedRate and initialPoints. The initialPoints is one of the items that are factored into the initialPayment calculation and is payable by the Buyer to the Seller. Note that initialPoints and marketFixedRate may both be present in the same document when both implied values are desired.
XML Source (w/o annotations (1); see within schema source)

<xsd:element minOccurs="0" name="initialPoints" 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.