fpml:additionalPayment

Additional payments between the principal parties.

Element information

Content

• Sequence [1..1]
  from group fpml:PayerReceiver.model
  fpml:payerPartyReference [1..1]    A reference to the party responsible for making the payments defined by this structure.
  fpml:payerAccountReference [0..1]    A reference to the account responsible for making the payments defined by this structure.
  fpml:receiverPartyReference [1..1]    A reference to the party that receives the payments corresponding to this structure.
  fpml:receiverAccountReference [0..1]    A reference to the account that receives the payments corresponding to this structure.
  1. fpml:paymentAmount [1..1]    The currency amount of the payment.
  2. fpml:paymentDate [0..1]    The payment date. This date is subject to adjustment in accordance with any applicable business day convention.
  3. fpml:paymentType [0..1]    A classification of the type of fee or additional payment, e.g. brokerage, upfront fee etc. FpML does not define domain values for this element.
  4. fpml:settlementInformation [0..1]    The information required to settle a currency payment that results from a trade.
  5. fpml:discountFactor [0..1]    The value representing the discount factor used to calculate the present value of the cash flow.
  6. fpml:presentValueAmount [0..1]    The amount representing the present value of the forecast payment.

Attributes

Used in

• Type fpml:CapFloor (Element fpml:capFloor)
• Type fpml:Swap (Elements fpml:swap, fpml:swap)

Sample instance

<additionalPayment>
   <payerPartyReference href="party1"/>
   <receiverPartyReference href="party2"/>
   <additionalPaymentAmount>
      <formula>
         <formulaDescription>18388000 * Reference Price * [6.5% (the upfront Fee) + 0.63% (taxes)]</formulaDescription>
         <math>
            <mn>18388000</mn>
            <mo>*</mo>
            <mi>ReferencePrice</mi>
            <mo>*</mo>
            <mo>(</mo>
            <mn>6.5</mn>
            <mo>%</mo>
            <mo>+</mo>
            <mn>0.63</mn>
            <mo>%</mo>
            <mo>)</mo>
         </math>
         <formulaComponent name="ReferencePrice">
            <componentDescription>Volume-weighted average price per share of underlying security on Trade Date</componentDescription>
         </formulaComponent>
      </formula>
   </additionalPaymentAmount>
   <additionalPaymentDate>
      <relativeDate>
         <periodMultiplier>0</periodMultiplier>
         <period>D</period>
         <businessDayConvention>NotApplicable</businessDayConvention>
         <dateRelativeTo href="EffectiveDate"/>
      </relativeDate>
   </additionalPaymentDate>
   <paymentType>Upfront fee</paymentType>
</additionalPayment>