Field
CouponRate
| ID (tag) | 223 |
| Type | Percentage |
| Pedigree | Added FIX.4.2 |
The rate of interest that, when multiplied by the principal, par value, or face value of a bond, provides the currency amount of the periodic interest payment. The coupon is always cited, along with maturity, in any quotation of a bond's price.
Used in components:
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