Documentation for Financial products Markup Language (FpML®)
Definition Type: Element
Name: paymentDelay
Namespace: http://www.fpml.org/2007/FpML-4-4
Type: boolean:http://www.w3.org/2001/XMLSchema
Containing Schema: fpml-cd-4-4.xsd
MinOccurs 0
MaxOccurs (1)
Abstract
Documentation:
Applicable to CDS on MBS to specify whether payment delays are applicable to the fixed Amount. RMBS typically have a payment delay of 5 days between the coupon date of the reference obligation and the payment date of the synthetic swap. CMBS do not, on the other hand, with both payment dates being on the 25th of each month.
Collapse XSD Schema Diagram:
XSD Diagram of paymentDelay in schema fpml-cd-4-4_xsd (Financial products Markup Language (FpML®))
Collapse XSD Schema Code: 
<xsd:element name="paymentDelay" type="xsd:boolean" minOccurs="0">
    <xsd:annotation>
        <xsd:documentation xml:lang="en">Applicable to CDS on MBS to specify whether payment delays are applicable to the fixed Amount. RMBS typically have a payment delay of 5 days between the coupon date of the reference obligation and the payment date of the synthetic swap. CMBS do not, on the other hand, with both payment dates being on the 25th of each month.</xsd:documentation>
    </xsd:annotation>
</xsd:element>
Documentation for Financial products Markup Language (FpML®)

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