fpml:fraDiscounting
Specifies whether discounting applies and, if so, what type.
Element information
Namespace: http://www.fpml.org/FpML-5/confirmation
Schema document: fpml-ird-5-5.xsd
Type: fpml:FraDiscountingEnum
Properties: Local, Qualified
Content
Valid value Description ISDA "FRA Discounting" per the ISDA Definitions will apply. AFMA FRA discounting per the Australian Financial Markets Association (AFMA) OTC Financial Product Conventions will apply. Note: Should not be used for a FRA trade documented under a legal framework where the 2006 ISDA Definitions have been incorporated. NONE No discounting will apply. ISDAYield Per ISDA 2006 Definitions, Section 8.4. Discounting, paragraph (e)
Used in
Sample instance
<fraDiscounting>ISDA</fraDiscounting>