Skip to content

COMPONENT · SOURCE ID 4063

UnderlyingPaymentStreamFloatingRate

Definition

UnderlyingPaymentStreamFloatingRate is a subcomponent of the UnderlyingPaymentStream component used to report the floating rate attributes of the stream.

Additional detail from the official source

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 preceding each calculation.

This is a reusable definition. Requiredness is relative to this structure; its use and conditions in a message remain on that message's page. Version links browse the other dictionary, not an assumed equivalent component.

Direct members

  1. Conditionally required when UnderlyingPaymentStreamRateIndexIDSource(43093) is specified.

  2. Conditionally required when UnderlyingPaymentStreamRateIndexID(43092) is specified.

  3. Conditionally required when UnderlyingPaymentStreamRateIndexCurvePeriod(40623) is specified.

  4. Conditionally required when UnderlyingPaymentStreamRateIndexCurveUnit(40622) is specified.

  5. Conditionally required when UnderlyingPaymentStreamRateIndex2IDSource(43123) is specified.

  6. Conditionally required when UnderlyingPaymentStreamRateIndex2ID(43122) is specified.

  7. Conditionally required when UnderlyingPaymentStreamRateIndex2CurvePeriod(41912) is specified.

  8. Conditionally required when UnderlyingPaymentStreamRateIndex2CurveUnit(41911) is specified.

  9. Conditionally required when UnderlyingPaymentStreamCalculationLagUnit(41927) is specified.

  10. Conditionally required when UnderlyingPaymentStreamCalculationLagPeriod(41926) is specified.

  11. Conditionally required when UnderlyingPaymentStreamFirstObservationOffsetUnit(41929) is specified.

  12. Conditionally required when UnderlyingPaymentStreamFirstObservationOffsetPeriod(41928) is specified.

  13. When specified, this overrides the business day convention defined in the UnderlyingDateAdjustment component in UnderlyingInstrument. The specified value would be specific to this instance of pricing dates.

  14. Conditionally required when UnderlyingPaymentStreamInflationLagUnit(40640) is specified.

  15. Conditionally required when UnderlyingPaymentStreamInflationLagPeriod(40639) is specified.

Used in messages

Direct parent structures