Documentation for Financial products Markup Language (FpML®)
Definition Type: Element
Name: accrual
Namespace: http://www.fpml.org/FpML-5/confirmation
Type: nsA:LoanTradingCostOfCarryAccrual
Containing Schema: fpml-loan-5-10.xsd
MinOccurs 0
MaxOccurs (1)
Abstract
Documentation:
Details of the accrual schedule in support of the cost of carry amount: The commencement amount is the calculated 'value' of the asset being purchased/sold, as of the end of the REGULAR settlement period (e.g. at T+7 for Par). This amount takes into account ALL potential adjustments, price and utilized/unutilized balances as of the regular settlement date. Hence, the reference amount will be the commencement amount and the rate will be the average LIBOR (between T+7 and actual settlement date). If however, the settlement amount at the END of the delay period has changed by more than 25 percent as compared to the commencement amount, then the (calculated) settlement amount for each applicable day within the delay period must be calculated and used to accrue the cost of carry. The average LIBOR will still be the applicable rate.
Collapse XSD Schema Diagram:
Drilldown into settlementPeriodAccrual in schema fpml-loan-5-10_xsd Drilldown into commencementAccrual in schema fpml-loan-5-10_xsd Drilldown into utilizationPeriod in schema fpml-loan-5-10_xsd Drilldown into LoanTradingCostOfCarryAccrual in schema fpml-loan-5-10_xsdXSD Diagram of accrual in schema fpml-loan-5-10_xsd (Financial products Markup Language (FpML®))
Collapse XSD Schema Code: 
<xsd:element name="accrual" type="LoanTradingCostOfCarryAccrual" minOccurs="0">
    <xsd:annotation>
        <xsd:documentation xml:lang="en">Details of the accrual schedule in support of the cost of carry amount: The commencement amount is the calculated 'value' of the asset being purchased/sold, as of the end of the REGULAR settlement period (e.g. at T+7 for Par). This amount takes into account ALL potential adjustments, price and utilized/unutilized balances as of the regular settlement date. Hence, the reference amount will be the commencement amount and the rate will be the average LIBOR (between T+7 and actual settlement date). If however, the settlement amount at the END of the delay period has changed by more than 25 percent as compared to the commencement amount, then the (calculated) settlement amount for each applicable day within the delay period must be calculated and used to accrue the cost of carry. The average LIBOR will still be the applicable rate.</xsd:documentation>
    </xsd:annotation>
</xsd:element>
Collapse Child Elements:
Name Type Min Occurs Max Occurs
utilizationPeriod nsA:utilizationPeriod (1) unbounded
commencementAccrual nsA:commencementAccrual (1) (1)
settlementPeriodAccrual nsA:settlementPeriodAccrual (1) unbounded
Collapse Derivation Tree:
Documentation for Financial products Markup Language (FpML®)

Generated using Liquid Studio - Developer Bundle 21.0.0.0