Documentation for Financial products Markup Language (FpML®)
Definition Type: Element
Name: floorRate
Namespace: http://www.fpml.org/FpML-5/pretrade
Type: nsC:Strike
Containing Schema: fpml-ird-5-10.xsd
MinOccurs 0
MaxOccurs unbounded
Abstract
Documentation:
The floor rate, if any, which applies to the floating rate for the calculation period. The floor rate (strike) is only required where the floating rate on a swap stream is floored at a certain strike level. The floor rate is assumed to be exclusive of any spread and is a per annum rate, expressed as a decimal. The floor 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 strikeRate in schema fpml-shared-5-10_xsd2 Drilldown into id in schema fpml-shared-5-10_xsd2 Drilldown into Strike in schema fpml-shared-5-10_xsd2XSD Diagram of floorRate in schema fpml-ird-5-10_xsd1 (Financial products Markup Language (FpML®))
Collapse XSD Schema Code: 
<xsd:element name="floorRate" type="Strike" minOccurs="0" maxOccurs="unbounded">
    <xsd:annotation>
        <xsd:documentation xml:lang="en">The floor rate, if any, which applies to the floating rate for the calculation period. The floor rate (strike) is only required where the floating rate on a swap stream is floored at a certain strike level. The floor rate is assumed to be exclusive of any spread and is a per annum rate, expressed as a decimal. The floor rate of 5% would be represented as 0.05.</xsd:documentation>
    </xsd:annotation>
</xsd:element>
Collapse Child Elements:
Name Type Min Occurs Max Occurs
strikeRate nsC:strikeRate 0 (1)
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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