Field
LegPaymentStreamFloorRate
| ID (tag) | 40342 |
| Abbr Name | FlrRt |
| 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. The rate is expressed as a decimal, e.g. 5% is represented as 0.05.
Used in components:
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