Definition Type: Element
Name: forwardPoints
Namespace: http://www.fpml.org/2007/FpML-4-4
Type: decimal:http://www.w3.org/2001/XMLSchema
Containing Schema: fpml-fx-4-4.xsd
MinOccurs 0
MaxOccurs (1)
Abstract
Documentation:
An optional element used for deals consumated in the FX Forwards market. Forward points represent the interest rate differential between the two currencies traded and are quoted as a preminum or a discount. Forward points are added to, or subtracted from, the spot rate to create the rate of the forward trade.
Collapse XSD Schema Diagram:
XSD Diagram of forwardPoints in schema fpml-fx-4-4_xsd (Financial products Markup Language (FpML®))
Collapse XSD Schema Code:
<xsd:element name="forwardPoints" type="xsd:decimal" minOccurs="0">
    <xsd:annotation>
        <xsd:documentation xml:lang="en">An optional element used for deals consumated in the FX Forwards market. Forward points represent the interest rate differential between the two currencies traded and are quoted as a preminum or a discount. Forward points are added to, or subtracted from, the spot rate to create the rate of the forward trade.</xsd:documentation>
    </xsd:annotation>
</xsd:element>