Schema Central > FpML 5.5 Transparency > fpml-cd-5-5.xsd > fpml:initialPayment
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Specifies a single fixed payment that is payable by the payer to the receiver on the initial payment date. The fixed payment to be paid is specified in terms of a known currency amount. This element should be used for CDS Index trades and can be used for CDS trades where it is necessary to represent a payment from Seller to Buyer. For CDS trades where a payment is to be made from Buyer to Seller the feeLeg/singlePayment structure must be used.

Element information

Type: fpml:InitialPayment

Properties: Local, Qualified



id [0..1]xsd:IDfrom type fpml:PaymentBase

Used in

Sample instance


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