Documentation for Financial products Markup Language (FpML®)
Definition Type: Element
Name: worldscaleRateStep
Namespace: http://www.fpml.org/FpML-5/recordkeeping
Type: decimal:http://www.w3.org/2001/XMLSchema
Containing Schema: fpml-com-5-10.xsd
MinOccurs (1)
MaxOccurs unbounded
Abstract
Documentation:
For a Wet Voyager Charter Freight Swap, the number of Worldscale Points for purposes of the calculation of a Fixed Amount for a given Calculation Period during the life of the trade. There must be Worldscale Rate Step specified for each Calculation Period, regardless of whether the Worldscale Rate Step changes or remains the same between periods.
Collapse XSD Schema Diagram:
XSD Diagram of worldscaleRateStep in schema fpml-com-5-10_xsd1 (Financial products Markup Language (FpML®))
Collapse XSD Schema Code: 
<xsd:element name="worldscaleRateStep" type="xsd:decimal" maxOccurs="unbounded">
    <xsd:annotation>
        <xsd:documentation xml:lang="en">For a Wet Voyager Charter Freight Swap, the number of Worldscale Points for purposes of the calculation of a Fixed Amount for a given Calculation Period during the life of the trade. There must be Worldscale Rate Step specified for each Calculation Period, regardless of whether the Worldscale Rate Step changes or remains the same between periods.</xsd:documentation>
    </xsd:annotation>
</xsd:element>
Documentation for Financial products Markup Language (FpML®)

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