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