fpml:forwardPoints

An optional element used for deals consumated in the FX Forwards market. Forward points represent the interest rate differential between the two currencies traded and are quoted as a preminum or a discount. Forward points are added to, or subtracted from, the spot rate to create the rate of the forward trade.

Element information

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

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

Type: xsd:decimal

Properties: Local, Qualified

Content

xsd:decimal

Used in

Type fpml:CrossRate (Element fpml:crossRate)
Type fpml:ExchangeRate (Element fpml:exchangeRate)
Type fpml:GenericProductExchangeRate (Element fpml:exchangeRate)

Sample instance

<forwardPoints>0.0045</forwardPoints>