| Definition Type: | Element |
| Name: | penaltyRate |
| Namespace: | http://www.fpml.org/FpML-5/confirmation |
| Type: | nsA:PeriodRate |
| Containing Schema: | fpml-loan-5-10.xsd |
| MinOccurs | 0 |
| MaxOccurs | (1) |
| Abstract | |
| Documentation: |
This represents a penalty rate that may apply in addition to the regular margin rate
(on outstanding loan contracts). This rate is applied at the discretion of the agent
bank, if the borrower has broken terms stated within the credit agreement.
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