Financial products Markup Language (FpML®) Generated using Liquid XML Studio Developer Edition Liquid XML Studio Designer Edition 9.0.0.2715
Definition Type: Element
Name: floatingRate
Namespace: http://www.fpml.org/2003/FpML-4-0
Type: nsA:FloatingRate
Containing Schema: fpml-ird-4-0.xsd
MinOccurs (1)
MaxOccurs unbounded
Abstract False
Documentation:
The rates to be applied to the initial or final stub may be the linear interpolation of two different rates. While the majority of the time, the rate indices will be the same as that specified in the stream and only the tenor itself will be different, it is possible to specift two different rates. For example, a 2 month stub period may use the linear interpolation of a 1 month and 3 month rate. The different rates would be specified in this component. Note that a maximum of two rates can be specified. If a stub period uses the same floating rate index, including tenor, as the regular calculation periods then this should not be specified again within this component, i.e. the stub calculation period amount component may not need to be specified even if there is an initial or final stub period. If a stub period uses a different floating rate index compared to the regular calculation periods then this should be specified within this component. If specified here, they are likely to have id attributes, allowing them to be referenced from within the cashflows component.
Collapse XSD Schema Diagram:
Drilldown into id Drilldown into floorRateSchedule Drilldown into capRateSchedule Drilldown into rateTreatment Drilldown into spreadSchedule Drilldown into floatingRateMultiplierSchedule Drilldown into indexTenor Drilldown into floatingRateIndex Drilldown into FloatingRateXSD Diagram of floatingRate
Collapse XSD Schema Code: 
<xsd:element name="floatingRate" type="FloatingRate" maxOccurs="unbounded">
    <xsd:annotation>
        <xsd:documentation xml:lang="en">The rates to be applied to the initial or final stub may be the linear interpolation of two different rates. While the majority of the time, the rate indices will be the same as that specified in the stream and only the tenor itself will be different, it is possible to specift two different rates. For example, a 2 month stub period may use the linear interpolation of a 1 month and 3 month rate. The different rates would be specified in this component. Note that a maximum of two rates can be specified. If a stub period uses the same floating rate index, including tenor, as the regular calculation periods then this should not be specified again within this component, i.e. the stub calculation period amount component may not need to be specified even if there is an initial or final stub period. If a stub period uses a different floating rate index compared to the regular calculation periods then this should be

						specified within this component. If specified here, they are likely to have id attributes, allowing them to be referenced from within the cashflows component.</xsd:documentation>
    </xsd:annotation>
</xsd:element>
Collapse Child Elements:
Name Type Min Occurs Max Occurs
floatingRateIndex nsA:floatingRateIndex (1) (1)
indexTenor nsA:indexTenor 0 (1)
floatingRateMultiplierSchedule nsA:floatingRateMultiplierSchedule 0 (1)
spreadSchedule nsA:spreadSchedule 0 (1)
rateTreatment nsA:rateTreatment 0 (1)
capRateSchedule nsA:capRateSchedule 0 unbounded
floorRateSchedule nsA:floorRateSchedule 0 unbounded
Collapse Child Attributes:
Name Type Default Value Use
id nsA:id (Optional)
Collapse Derivation Tree:
Collapse Comments:
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Generated using Liquid XML Studio Developer Edition Liquid XML Studio Designer Edition 9.0.0.2715 - byLiquid Technologies Ltd