fpml:floatingRateMultiplierSchedule

A rate multiplier or multiplier schedule to apply to the floating rate. A multiplier schedule is expressed as explicit multipliers and dates. In the case of a schedule, the step dates may be subject to adjustment in accordance with any adjustments specified in the calculationPeriodDatesAdjustments. The multiplier can be a positive or negative decimal. This element should only be included if the multiplier is not equal to 1 (one) for the term of the stream.

Element information

Content

• Sequence [1..1]
  1. fpml:initialValue [1..1]    The initial rate or amount, as the case may be. An initial rate of 5% would be represented as 0.05.
  2. fpml:step [0..*]    The schedule of step date and value pairs. On each step date the associated step value becomes effective A list of steps may be ordered in the document by ascending step date. An FpML document containing an unordered list of steps is still regarded as a conformant document.

Attributes

Used in

• Type fpml:FloatingRate (Elements fpml:floatingRate, fpml:floatingRate)
• Type fpml:InflationRateCalculation via extension of fpml:FloatingRate (Element fpml:inflationRateCalculation)
• Type fpml:FloatingRateCalculation via extension of fpml:FloatingRate (Elements fpml:floatingRateCalculation, fpml:floatingRateCalculation)

Sample instance

<floatingRateMultiplierSchedule>
   <initialValue>-1.0</initialValue>
</floatingRateMultiplierSchedule>