Field
UnderlyingPaymentStubIndexFloorRate
| ID (tag) | 40725 |
| Type | Percentage |
| Pedigree | Added EP161 |
The floor rate, if any, which applies to the floating rate. The floor rate (strike) is only required where the floating rate on a swap stream is floored at a certain strike level. The floor rate is assumed to be exclusive of any spread and is a per annum rate, expressed as a decimal. A floor rate of 5% would be represented as 0.05.
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