fpml:initialPayment

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

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

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

Type: fpml:InitialPayment

Properties: Local, Qualified

Content

fpml:paymentAmount [1..1] A fixed payment amount.

Attributes

Name	Occ	Type	Description	Notes
id	[0..1]	xsd:ID		from type fpml:PaymentBase

Used in

Type fpml:FeeLeg (Element fpml:feeLeg)

Sample instance

<initialPayment>
   <paymentAmount>
      <currency>USD</currency>
      <amount>1000</amount>
   </paymentAmount>
</initialPayment>