Field
LegPaymentStubIndex2CapRate
| ID (tag) | 40446 |
| Type | Percentage |
| Pedigree | Added EP161 |
The cap rate, if any, which applies to the second floating rate. The cap rate (strike) is only required where the floating rate on a swap stream is capped at a certain level. The cap rate is assumed to be exclusive of any spread and is a per annum rate, expressed as a decimal. A cap rate of 5% would be represented as 0.05.
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