Documentation for Financial products Markup Language (FpML®)
Definition Type: Element
Name: capRateSchedule
Namespace: http://www.fpml.org/FpML-5/pretrade
Type: nsC:StrikeSchedule
Containing Schema: fpml-shared-5-10.xsd
MinOccurs 0
MaxOccurs unbounded
Abstract
Documentation:
The cap rate or cap rate schedule, if any, which applies to the floating rate. The cap rate (strike) is only required where the floating rate on a swap stream is capped at a certain level. A cap rate schedule is expressed as explicit cap rates and dates and the step dates may be subject to adjustment in accordance with any adjustments specified in calculationPeriodDatesAdjustments. The cap rate is assumed to be exclusive of any spread and is a per annum rate, expressed as a decimal. A cap rate of 5% would be represented as 0.05.
Collapse XSD Schema Diagram:
Drilldown into seller in schema fpml-shared-5-10_xsd2 Drilldown into buyer in schema fpml-shared-5-10_xsd2 Drilldown into step in schema fpml-shared-5-10_xsd2 Drilldown into initialValue in schema fpml-shared-5-10_xsd2 Drilldown into id in schema fpml-shared-5-10_xsd2 Drilldown into Schedule in schema fpml-shared-5-10_xsd2 Drilldown into StrikeSchedule in schema fpml-shared-5-10_xsd2XSD Diagram of capRateSchedule in schema fpml-shared-5-10_xsd2 (Financial products Markup Language (FpML®))
Collapse XSD Schema Code: 
<xsd:element name="capRateSchedule" type="StrikeSchedule" minOccurs="0" maxOccurs="unbounded">
    <xsd:annotation>
        <xsd:documentation xml:lang="en">The cap rate or cap rate schedule, if any, which applies to the floating rate. The cap rate (strike) is only required where the floating rate on a swap stream is capped at a certain level. A cap rate schedule is expressed as explicit cap rates and dates and the step dates may be subject to adjustment in accordance with any adjustments specified in calculationPeriodDatesAdjustments. The cap rate is assumed to be exclusive of any spread and is a per annum rate, expressed as a decimal. A cap rate of 5% would be represented as 0.05.</xsd:documentation>
    </xsd:annotation>
</xsd:element>
Collapse Child Elements:
Name Type Min Occurs Max Occurs
initialValue nsC:initialValue 0 (1)
step nsC:step 0 unbounded
buyer nsC:buyer 0 (1)
seller nsC:seller 0 (1)
Collapse Child Attributes:
Name Type Default Value Use
id nsC:id (Optional)
Collapse Derivation Tree:
Documentation for Financial products Markup Language (FpML®)

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