FIX TAG 158
AccruedInterestRate
Definition
Accrued Interest Rate for convertible bonds and fixed income
Compare versions
Differences between the selected source snapshots, including wording and errata; not a migration guide.
FIX 4.4 FIX 4.2
| Property | FIX 4.4 | FIX 4.2 |
|---|---|---|
| Type | Percentage | float |
Definition text changed
FIX 4.4
The amount the buyer compensates the seller for the portion of the next coupon interest payment the seller has earned but will not receive from the issuer because the issuer will send the next coupon payment to the buyer. Accrued Interest Rate is the annualized Accrued Interest amount divided by the purchase price of the bond.
FIX 4.2
Accrued Interest Rate for convertible bonds and fixed income
No enumerated values are defined for this field in this source.
About the float data type
Sequence of digits with optional decimal point and sign character (ASCII characters "-", "0" - "9" and "."); the absence of the decimal point within the string will be interpreted as the float representation of an integer value. All float fields must accommodate up to fifteen significant digits. The number of decimal places used should be a factor of business/market needs and mutual agreement between counterparties.
Used in messages 1
Includes nested components and repeating groups. Open a location to see its surrounding requirements.
35=JAllocationMessage body