Documentation for Financial products Markup Language (FpML®)
Definition Type: Element
Name: payoffCap
Namespace: http://www.fpml.org/FpML-5/recordkeeping
Type: decimal:http://www.w3.org/2001/XMLSchema
Containing Schema: fpml-fx-accruals-5-10.xsd
MinOccurs 0
MaxOccurs (1)
Abstract
Documentation:
The amount of gain on the client upside or firm upside is limited. If spot settles above the cap, or below the floor, the payout is adjusted to limit the gain. The adjustment may be made by varying the strike, or by maintaining the strike, but varying the payout notionals.
Collapse XSD Schema Diagram:
XSD Diagram of payoffCap in schema fpml-fx-accruals-5-10_xsd1 (Financial products Markup Language (FpML®))
Collapse XSD Schema Code: 
<xsd:element name="payoffCap" type="xsd:decimal" minOccurs="0">
    <xsd:annotation>
        <xsd:documentation xml:lang="en">The amount of gain on the client upside or firm upside is limited. If spot settles above the cap, or below the floor, the payout is adjusted to limit the gain. The adjustment may be made by varying the strike, or by maintaining the strike, but varying the payout notionals.</xsd:documentation>
    </xsd:annotation>
</xsd:element>
Documentation for Financial products Markup Language (FpML®)

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