Definition Type: Element Name: precision Namespace: http://www.fpml.org/2003/FpML-4-0 Type: nonNegativeInteger:http://www.w3.org/2001/XMLSchema Containing Schema: fpml-fx-4-0.xsd MinOccurs 0 MaxOccurs (1) Abstract Documentation: Specifies the rounding precision in terms of a number of decimal places. Note how a percentage rate rounding of 5 decimal places is expressed as a rounding precision of 7 in the FpML document since the percentage is expressed as a decimal, e.g. 9.876543% (or 0.09876543) being rounded to the nearest 5 decimal places is 9.87654% (or 0.0987654).
 XSD Schema Diagram:
 XSD Schema Code: `````` Specifies the rounding precision in terms of a number of decimal places. Note how a percentage rate rounding of 5 decimal places is expressed as a rounding precision of 7 in the FpML document since the percentage is expressed as a decimal, e.g. 9.876543% (or 0.09876543) being rounded to the nearest 5 decimal places is 9.87654% (or 0.0987654). ``````