Component PaymentStreamCompoundingFloatingRate Scenario base

SYNOPSIS: PaymentStreamCompoundingFloatingRate is a subcomponent of the PaymentStream component used to report the parameters for determining the compounding floating rate of the stream.
ELABORATION:

ID Abbr
4367CmpndgFloat

Pedigree

Added EP Updated EP Deprecated EP
FIX.5.0SP2208

Members

ID Name Abbr Presence Description
42628PaymentStreamCompoundingRateIndexNdx optional SYNOPSIS: The payment stream's compounding floating rate index.
42629PaymentStreamCompoundingRateIndexCurvePeriodNdxPeriod optional SYNOPSIS: Time unit multiplier for the payment stream's compounding floating rate index curve period.
42630PaymentStreamCompoundingRateIndexCurveUnitNdxUnit optional SYNOPSIS: Time unit associated with the payment stream's compounding floating rate index curve period.
42631PaymentStreamCompoundingRateMultiplierRtMult optional SYNOPSIS: A rate multiplier to apply to the compounding floating rate. The multiplier can be less than or greater than 1 (one). This should only be included if the multiplier is not equal to 1 (one) for the term of the stream.
42632PaymentStreamCompoundingRateSpreadSpread optional SYNOPSIS: The basis points spread from the index specified in PaymentStreamCompoundingRateIndex(42628).
42633PaymentStreamCompoundingRateSpreadPositionTypeSpreadPosTyp optional SYNOPSIS: Identifies whether the rate spread is applied to a long or short position.
42634PaymentStreamCompoundingRateTreatmentRtTrtmt optional SYNOPSIS: Specifies the yield calculation treatment for the index.
42635PaymentStreamCompoundingCapRateCapRt optional SYNOPSIS: The cap rate, if any, which applies to the compounding floating rate. It is only required where the compounding floating rate on a swap stream is capped at a certain level. The cap rate is assumed to be exclusive of any spread and is a per annum rate, expressed as a decimal. A cap rate of 5% would be represented as "0.05".
42636PaymentStreamCompoundingCapRateBuySideCapRtBuy optional SYNOPSIS: Reference to the buyer of the compounding cap rate option through its trade side.
42637PaymentStreamCompoundingCapRateSellSideCapRtSell optional SYNOPSIS: Reference to the seller of the compounding cap rate option through its trade side.
42638PaymentStreamCompoundingFloorRateFlrRt optional SYNOPSIS: The floor rate, if any, which applies to the compounding floating rate. The floor rate (strike) is only required where the compounding floating rate on a swap stream is floored at a certain strike level. The floor rate is assumed to be exclusive of any spread and is a per annum rate. The rate is expressed as a decimal, e.g. 5% is represented as "0.05".
42639PaymentStreamCompoundingFloorRateBuySideFlrRtBuy optional SYNOPSIS: Reference to the buyer of the compounding floor rate option through its trade side.
42640PaymentStreamCompoundingFloorRateSellSideFlrRtSell optional SYNOPSIS: Reference to the seller of the floor rate option through its trade side.
42641PaymentStreamCompoundingInitialRateInitRt optional SYNOPSIS: The initial compounding floating rate reset agreed between the principal parties involved in the trade. It should only be included when the rate is not equal to the rate published on the source implied by the floating rate index. The initial rate is expressed in decimal form, e.g. 5% is represented as "0.05".
42642PaymentStreamCompoundingFinalRateRoundingDirectionFnlRtRndDirctn optional SYNOPSIS: Specifies the rounding direction for the compounding floating rate.
42643PaymentStreamCompoundingFinalRatePrecisionFnlRtPrcsn optional SYNOPSIS: Specifies the compounding floating rate 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.
42644PaymentStreamCompoundingAveragingMethodAvgngMeth optional SYNOPSIS: Specifies the averaging method when compounding floating rate averaging is applicable (e.g. weighted or unweighted).
42645PaymentStreamCompoundingNegativeRateTreatmentNegtvRtTrtmt optional SYNOPSIS: Specifies the method for calculating payment obligations when a compounding floating rate is negative (either due to a quoted negative floating rate or by operation of a spread that is subtracted from the floating rate).