Definition Type: Element
Name: recoveryFactor
Namespace: http://www.fpml.org/FpML-5/reporting
Type: nsA:RestrictedPercentage
Containing Schema: fpml-cd-5-9.xsd
MinOccurs (1)
MaxOccurs (1)
Abstract
Documentation:
Used for fixed recovery, specifies the recovery level, determined at contract inception, to be applied on a default. Used to calculate the amount paid by the seller to the buyer for cash settlement on the cash settlement date. Amount calculation is (1 minus the Recovery Factor) multiplied by the Floating Rate Payer Calculation Amount. The currency will be derived from the Floating Rate Payer Calculation Amount.
Collapse XSD Schema Diagram:
XSD Diagram of recoveryFactor in schema fpml-cd-5-9_xsd (Financial products Markup Language (FpML®) - Reporting)
Collapse XSD Schema Code:
<xsd:element name="recoveryFactor" type="RestrictedPercentage">
    <xsd:annotation>
        <xsd:documentation xml:lang="en">Used for fixed recovery, specifies the recovery level, determined at contract inception, to be applied on a default. Used to calculate the amount paid by the seller to the buyer for cash settlement on the cash settlement date. Amount calculation is (1 minus the Recovery Factor) multiplied by the Floating Rate Payer Calculation Amount. The currency will be derived from the Floating Rate Payer Calculation Amount.</xsd:documentation>
    </xsd:annotation>
</xsd:element>
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