fpml:rateTreatment
The specification of any rate conversion which needs to be applied to the observed rate before being used in any calculations. The two common conversions are for securities quoted on a bank discount basis which will need to be converted to either a Money Market Yield or Bond Equivalent Yield. See the Annex to the 2000 ISDA Definitions, Section 7.3. Certain General Definitions Relating to Floating Rate Options, paragraphs (g) and (h) for definitions of these terms.
Element information
Namespace: http://www.fpml.org/FpML-5/confirmation
Schema document: fpml-shared-5-5.xsd
Type: fpml:RateTreatmentEnum
Properties: Local, Qualified
Content
Valid value Description BondEquivalentYield Bond Equivalent Yield. Per Annex to the 2000 ISDA Definitions (June 2000 Version), Section 7.3. Certain General Definitions Relating to Floating Rate Options, paragraph (g). MoneyMarketYield Money Market Yield. Per Annex to the 2000 ISDA Definitions (June 2000 Version), Section 7.3. Certain General Definitions Relating to Floating Rate Options, paragraph (h).
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
<rateTreatment>MoneyMarketYield</rateTreatment>