fpml:spotRate
An optional element used for FX forwards and certain types of FX OTC options. For deals consumated in the FX Forwards Market, this represents the current market rate for a particular currency pair. For barrier and digital/binary options, it can be useful to include the spot rate at the time the option was executed to make it easier to know whether the option needs to move "up" or "down" to be triggered.
Element information
Namespace: http://www.fpml.org/FpML-5/transparency
Schema document: fpml-fx-5-5.xsd
Other elements with the same name: fpml:spotRate, fpml:spotRate, fpml:spotRate, fpml:spotRate
Type: fpml:PositiveDecimal
Properties: Local, Qualified
Content
- Minimum exclusive: 0
Used in
- Type fpml:FxOption (Element fpml:fxOption)
Sample instance
<spotRate>0.9130</spotRate>