fpml:CrossRate

A type that is used for including the currency exchange rates used to cross between the traded currencies for non-base currency FX contracts.

Complex type information

Content

• Sequence [1..1]
  from type fpml:QuotedCurrencyPair
  fpml:currency1 [0..1]    The first currency specified when a pair of currencies is to be evaluated.
  fpml:currency2 [0..1]    The second currency specified when a pair of currencies is to be evaluated.
  fpml:quoteBasis [0..1]    The method by which the exchange rate is quoted.
  1. fpml:rate [0..1]    The exchange rate used to cross between the traded currencies.
  2. Sequence [0..1]
     1. fpml:spotRate [0..1]    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.
     2. fpml:forwardPoints [0..1]    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.

Attributes

None

Used by

• Element fpml:crossRate

Type inheritance chain

• fpml:QuotedCurrencyPair
  • fpml:CrossRate