Component UnderlyingPaymentStream Scenario base

SYNOPSIS: The UnderlyingPaymentStream component is a subcomponent of the UnderlyingStream used to detail the attributes of a payment stream in a swap.
ELABORATION:

ID Abbr
4059PmtStrm

Pedigree

Added EP Updated EP Deprecated EP
FIX.5.0SP2161

Members

ID Name Abbr Presence Description
40568UnderlyingPaymentStreamTypeTyp optional SYNOPSIS: Identifies the type of payment stream applicable to the swap stream associated with the underlying instrument.
40569UnderlyingPaymentStreamMarketRateMktRt optional SYNOPSIS: Used only for credit index trade. This contains the credit spread ("fair value") at which the trade was executed. The market rate varies over the life of the index depending on market conditions. This is the price of the index as quoted by trading desks.
40570UnderlyingPaymentStreamDelayIndicatorDelayInd optional SYNOPSIS: Applicable to credit default swaps on mortgage backed securities to specify whether payment delays are applicable to the fixed amount. Residential mortgage backed securities typically have a payment delay of 5 days between the coupon date of the reference obligation and the payment date of the synthetic swap. Commercial mortage backed securities do not typically have a payment delay, with both payment dates (the coupon date of the reference obligation and the payment date of the synthetic swap) being on the 25th of each month.
42895UnderlyingPaymentStreamCashSettlIndicatorCshSettlInd optional SYNOPSIS: Indicates whether cash settlement is applicable.
40571UnderlyingPaymentStreamSettlCurrencySettlCcy optional SYNOPSIS: Specifies the currency that the stream settles in (to support swaps that settle in a currency different from the notional currency). Uses ISO 4217 currency codes.
40572UnderlyingPaymentStreamDayCountDayCnt optional SYNOPSIS: The day count convention used in the payment stream calculations.
43107UnderlyingPaymentStreamOtherDayCountOtherDayCnt optional SYNOPSIS: The industry name of the day count convention not listed in UnderlyingPaymentStreamDayCount(40572).
40573UnderlyingPaymentStreamAccrualDaysAcrlDays optional SYNOPSIS: The number of days from the adjusted calculation period start date to the adjusted value date, calculated in accordance with the applicable day count fraction.
40574UnderlyingPaymentStreamDiscountTypeDiscTyp optional SYNOPSIS: The method of calculating discounted payment amounts
40575UnderlyingPaymentStreamDiscountRateDisc optional SYNOPSIS: Discount rate. The rate is expressed in decimal, e.g. 5% is expressed as 0.05.
40576UnderlyingPaymentStreamDiscountRateDayCountDiscDayCnt optional SYNOPSIS: The day count convention applied to the UnderlyingPaymentStreamDiscountRate(40575).
40577UnderlyingPaymentStreamCompoundingMethodCmpndgMeth optional SYNOPSIS: Compounding Method.
42896UnderlyingPaymentStreamCompoundingXIDRefCmpndgXIDRef optional SYNOPSIS: Reference to the stream which details the compounding fixed or floating rate.
42897UnderlyingPaymentStreamCompoundingSpreadCmpndgSpread optional SYNOPSIS: The spread to be used for compounding. Used in scenarios where the interest payment is based on a compounding formula that uses a compounding spread in addition to the regular spread.
42898UnderlyingPaymentStreamInterpolationMethodIntrpltnMeth optional SYNOPSIS: The method used when calculating the index rate from multiple points on the curve. The most common is linear method.
42899UnderlyingPaymentStreamInterpolationPeriodIntrpltnPeriod optional SYNOPSIS: Defines applicable periods for interpolation.
40578UnderlyingPaymentStreamInitialPrincipalExchangeIndicatorInitPrncplExchInd optional SYNOPSIS: Indicates whether there is an initial exchange of principal on the effective date.
40579UnderlyingPaymentStreamInterimPrincipalExchangeIndicatorIntrmPrncplExchInd optional SYNOPSIS: Indicates whether there are intermediate or interim exchanges of principal during the term of the swap.
40580UnderlyingPaymentStreamFinalPrincipalExchangeIndicatorFnlPrncplExchInd optional SYNOPSIS: Indicates whether there is a final exchange of principal on the termination date.
41897UnderlyingPaymentStreamFlatRateIndicatorFlatRtInd optional SYNOPSIS: When this element is specified and set to 'Y', the Flat Rate is the New Worldwide Tanker Nominal Freight Scale for the Freight Index Route taken at the Trade Date of the transaction "Fixed". If 'N' it is taken on each Pricing Date "Floating".
41898UnderlyingPaymentStreamFlatRateAmountFlatRtAmt optional SYNOPSIS: Specifies the actual monetary value of the flat rate when UnderlyingPaymentStreamFlatRateIndicator(41897) = 'Y'.
41899UnderlyingPaymentStreamFlatRateCurrencyFlatRtCcy optional SYNOPSIS: Specifies the currency of the actual flat rate. Uses ISO 4217 currency codes.
41900UnderlyingPaymentStreamMaximumPaymentAmountMaxPmtAmt optional SYNOPSIS: Specifies the limit on the total payment amount.
41901UnderlyingPaymentStreamMaximumPaymentCurrencyMaxPmtCcy optional SYNOPSIS: Specifies the currency of total payment amount limit. Uses ISO 4217 currency codes.
41902UnderlyingPaymentStreamMaximumTransactionAmountMaxTxnAmt optional SYNOPSIS: Specifies the limit on the payment amount that goes out in any particular calculation period.
41903UnderlyingPaymentStreamMaximumTransactionCurrencyMaxTxnCcy optional SYNOPSIS: Specifies the currency of the period payment amount limit. Uses ISO 4217 currency codes.
4060UnderlyingPaymentStreamPaymentDatesPmtDtsoptionalSYNOPSIS: UnderlyingPaymentStreamPaymentDates is a subcomponent of the UnderlyingPaymentStream component used to specify the payment dates of the stream.
ELABORATION: For equity return swaps this component is used to specify the interim price payment dates and the UnderlyingPaymentStreamFinalPricePaymentDate component is used to specify the final price payment date.
4061UnderlyingPaymentStreamResetDatesResetDtsoptionalSYNOPSIS: UnderlyingPaymentStreamResetDates is a subcomponent of the UnderlyingPaymentStream component used to specify the floating rate reset dates of the stream.
ELABORATION:
4062UnderlyingPaymentStreamFixedRateFixedoptionalSYNOPSIS: UnderlyingPaymentStreamFixedRate is a subcomponent of the UnderlyingPaymentStream component used to report the fixed rate or fixed payment amount of the stream.
ELABORATION:
4063UnderlyingPaymentStreamFloatingRateFloatoptionalSYNOPSIS: UnderlyingPaymentStreamFloatingRate is a subcomponent of the UnderlyingPaymentStream component used to report the floating rate attributes of the stream.
ELABORATION: Note that if the floating rate index or the rate calculation goes negative for a calculation period and UnderlyingPaymentStreamNegativeRateTreatment(40638)=1 (Negative interest rate method) the Receiver pays the Payer the absolute floating rate, i.e. the Receiver pays the cash flow amount to the Payer. The Calculation Lag Interval (UnderlyingPaymentStreamCalculationLagPeriod(41926) and UnderlyingPaymentStreamCalculationLagUnit(41927)) and the First Observation Offset Duration (UnderlyingPaymentStreamFirstObservationOffsetPeriod(41928) and UnderlyingPaymentStreamFirstObservationOffsetUnit(41929)) are used together. If the First Observation Offset Duration is specified, the observation starts the Fixing Lag Interval prior to each calculation. If the First Observation Offset Duration is not specified, the observation starts immediately preceeding each calculation.
42900UnderlyingPaymentStreamCompoundingFixedRateCmpndgFixedRt optional SYNOPSIS: The compounding fixed rate applicable to the payment stream.
4403UnderlyingPaymentStreamCompoundingFloatingRateCmpndgFloatoptionalSYNOPSIS: UnderlyingPaymentStreamCompoundingFloatingRate is a subcomponent of the UnderlyingPaymentStream component used to report the parameters for determining the compounding floating rate of the stream.
ELABORATION:
4400UnderlyingPaymentStreamCompoundingDatesCmpndgDtsoptionalSYNOPSIS: UnderlyingPaymentStreamCompoundingDates is a subcomponent of the UnderlyingPaymentStream component used to specify the compounding dates of the stream - either specific, relative or periodic dates.
ELABORATION:
4064UnderlyingPaymentStreamNonDeliverableSettlTermsNonDlvrblTrmsoptionalSYNOPSIS: UnderlyingPaymentStreamNonDeliverableSettlTerms is a subcomponent of the UnderlyingPaymentStream component used to specify the non-deliverable settlement terms of the stream.
ELABORATION: