Documentation for Financial products Markup Language (FpML®)
Definition Type: Element
Name: WACCapInterestProvision
Namespace: http://www.fpml.org/2007/FpML-4-4
Type: fpml:Empty
Containing Schema: fpml-cd-4-4.xsd
MinOccurs 0
MaxOccurs (1)
Abstract
Documentation:
As specified by the ISDA Supplement for use with trades on mortgage-backed securities, "WAC Cap" means a weighted average coupon or weighted average rate cap provision (however defined in the Underlying Instruments) of the Underlying Instruments that limits, increases or decreases the interest rate or interest entitlement, as set out in the Underlying Instruments on the Effective Date without regard to any subsequent amendment The presence of the element signifies that the provision is applicable. From a usage standpoint, this provision is typically applicable in the case of CMBS and not applicable in case of RMBS trades.
Collapse XSD Schema Diagram:
Drilldown into Empty in schema fpml-shared-4-4_xsdXSD Diagram of WACCapInterestProvision in schema fpml-cd-4-4_xsd (Financial products Markup Language (FpML®))
Collapse XSD Schema Code: 
<xsd:element name="WACCapInterestProvision" type="Empty" minOccurs="0">
    <xsd:annotation>
        <xsd:documentation xml:lang="en">As specified by the ISDA Supplement for use with trades on mortgage-backed securities, "WAC Cap" means a weighted average coupon or weighted average rate cap provision (however defined in the Underlying Instruments) of the Underlying Instruments that limits, increases or decreases the interest rate or interest entitlement, as set out in the Underlying Instruments on the Effective Date without regard to any subsequent amendment The presence of the element signifies that the provision is applicable. From a usage standpoint, this provision is typically applicable in the case of CMBS and not applicable in case of RMBS trades.</xsd:documentation>
    </xsd:annotation>
</xsd:element>
Collapse Derivation Tree:
Documentation for Financial products Markup Language (FpML®)

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