fpml:averagingMethod
If averaging is applicable, this component specifies whether a weighted or unweighted average method of calculation is to be used. The component must only be included when averaging applies.
Element information
Namespace: http://www.fpml.org/FpML-5/confirmation
Schema document: fpml-shared-5-5.xsd
Other elements with the same name: fpml:averagingMethod, fpml:averagingMethod, fpml:averagingMethod, fpml:averagingMethod
Type: fpml:AveragingMethodEnum
Properties: Local, Qualified
Content
Valid value Description Unweighted The arithmetic mean of the relevant rates for each reset date. Weighted The arithmetic mean of the relevant rates in effect for each day in a calculation period calculated by multiplying each relevant rate by the number of days such relevant rate is in effect, determining the sum of such products and dividing such sum by the number of days in the calculation period.
Used in
- Type fpml:FloatingRateCalculation (Elements fpml:floatingRateCalculation, fpml:floatingRateCalculation)
- Type fpml:InflationRateCalculation via extension of fpml:FloatingRateCalculation (Element fpml:inflationRateCalculation)
Sample instance
<averagingMethod>Unweighted</averagingMethod>