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FIXtags

FIX TAG 158

AccruedInterestRate

PercentageAdded FIX.4.1

Definition

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.

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FIX 4.2 FIX 4.4

PropertyFIX 4.2FIX 4.4
TypefloatPercentage

Definition text changed

FIX 4.2

Accrued Interest Rate for convertible bonds and fixed income

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.

No enumerated values are defined for this field in this source.

About the Percentage data type

float field representing a percentage (e.g. 0.05 represents 5% and 0.9525 represents 95.25%). Note the number of decimal places may vary.

Used in messages 5

Includes nested components and repeating groups. Open a location to see its surrounding requirements.