element <floorRate> (local)
Namespace:
http://www.fpml.org/FpML-5/confirmation
Type:
Strike
Content:
complex, 1 attribute, 3 elements
Defined:
locally within FloatingRateDefinition complexType in fpml-ird-5-8.xsd; see XML source
Content Model Diagram
XML Representation Summary
<floorRate
   
 = 
xsd:ID
   
>
   
Content: 
</floorRate>
Content model elements (3):
buyer (defined in Strike complexType),
seller (defined in Strike complexType),
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 1.9.0 using DocFlex/XML XSDDoc 2.8.0 template set. All content model diagrams generated by Altova XMLSpy via DocFlex/XML XMLSpy Integration.