Schema Central > FpML 5.5 Confirmation > fpml-shared-5-5.xsd > fpml:capRateSchedule
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The cap rate or cap rate schedule, if any, which applies to the floating rate. The cap rate (strike) is only required where the floating rate on a swap stream is capped at a certain level. A cap rate schedule is expressed as explicit cap rates and dates and the step dates may be subject to adjustment in accordance with any adjustments specified in calculationPeriodDatesAdjustments. The cap rate is assumed to be exclusive of any spread and is a per annum rate, expressed as a decimal. A cap rate of 5% would be represented as 0.05.

Element information

Type: fpml:StrikeSchedule

Properties: Local, Qualified



id [0..1]xsd:IDfrom type fpml:Schedule

Used in

Sample instance


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