Documentation for Financial products Markup Language (FpML®)
Definition Type: Element
Name: precision
Namespace: http://www.fpml.org/2007/FpML-4-4
Type: nonNegativeInteger:http://www.w3.org/2001/XMLSchema
Containing Schema: fpml-shared-4-4.xsd
MinOccurs (1)
MaxOccurs (1)
Abstract
Documentation:
Specifies the rounding precision in terms of a number of decimal places. Note how a percentage rate rounding of 5 decimal places is expressed as a rounding precision of 7 in the FpML document since the percentage is expressed as a decimal, e.g. 9.876543% (or 0.09876543) being rounded to the nearest 5 decimal places is 9.87654% (or 0.0987654).
Collapse XSD Schema Diagram:
XSD Diagram of precision in schema fpml-shared-4-4_xsd (Financial products Markup Language (FpML®))
Collapse XSD Schema Code: 
<xsd:element name="precision" type="xsd:nonNegativeInteger">
    <xsd:annotation>
        <xsd:documentation xml:lang="en">Specifies the rounding precision in terms of a number of decimal places. Note how a percentage rate rounding of 5 decimal places is expressed as a rounding precision of 7 in the FpML document since the percentage is expressed as a decimal, e.g. 9.876543% (or 0.09876543) being rounded to the nearest 5 decimal places is 9.87654% (or 0.0987654).</xsd:documentation>
    </xsd:annotation>
</xsd:element>
Documentation for Financial products Markup Language (FpML®)

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