Documentation for Financial products Markup Language (FpML®)
Definition Type: Element
Name: multiplier
Namespace: http://www.fpml.org/FpML-5/recordkeeping
Type: nsD:PositiveDecimal
Containing Schema: fpml-asset-5-10.xsd
MinOccurs 0
MaxOccurs (1)
Abstract
Documentation:
The multiplier is the minimum number of the underlying - index or stock - that a participant has to trade while taking a position in the Future contract. The purpose of the multiplier is to inflate the value of the contract to add leverage to the trade. The multiplier for the Dow is 10, for the Nasdaq it is 100 and it is 250 for the Standard and Poor's index.
Collapse XSD Schema Diagram:
XSD Diagram of multiplier in schema fpml-asset-5-10_xsd3 (Financial products Markup Language (FpML®))
Collapse XSD Schema Code: 
<xsd:element name="multiplier" type="PositiveDecimal" minOccurs="0">
    <xsd:annotation>
        <xsd:documentation xml:lang="en">The multiplier is the minimum number of the underlying - index or stock - that a participant has to trade while taking a position in the Future contract. The purpose of the multiplier is to inflate the value of the contract to add leverage to the trade. The multiplier for the Dow is 10, for the Nasdaq it is 100 and it is 250 for the Standard and Poor's index.</xsd:documentation>
    </xsd:annotation>
</xsd:element>
Collapse Derivation Tree:
Documentation for Financial products Markup Language (FpML®)

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