Schema Central > FpML 5.5 Confirmation > fpml-ird-5-5.xsd > fpml:additionalPayment
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fpml:additionalPayment

Additional payments between the principal parties (i.e. the parties referenced as the FRA buyer and seller).

Element information

Content

Attributes

NameOccTypeDescriptionNotes
id [0..1]xsd:IDfrom type fpml:PaymentBase
href [0..1]xsd:IDREFCan be used to reference the yield curve used to estimate the discount factor

Used in

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>

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