fpml:negativeInterestRateTreatment

The specification of any provisions for calculating payment obligations when a floating rate is negative (either due to a quoted negative floating rate or by operation of a spread that is subtracted from the floating rate).

Element information

Namespace: http://www.fpml.org/FpML-5/confirmation

Schema document: fpml-shared-5-5.xsd

Type: fpml:NegativeInterestRateTreatmentEnum

Properties: Local, Qualified

Content

Type based on xsd:token

Valid value	Description
NegativeInterestRateMethod	Negative Interest Rate Method. Per 2000 ISDA Definitions, Section 6.4 Negative Interest Rates, paragraphs (b) and (c).
ZeroInterestRateMethod	Zero Interest Rate Method. Per 2000 ISDA Definitions, Section 6.4. Negative Interest Rates, paragraphs (d) and (e).

Used in

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

Sample instance

<fpml:negativeInterestRateTreatment>NegativeInterestRateMethod</fpml:negativeInterestRateTreatment>