Diagram
| Super-types: | StepBase < PositiveStep (by extension) |
|---|---|
| Sub-types: | None |
| Name | PositiveStep |
|---|---|
| Used by (from the same schema document) | Complex Type PositiveSchedule |
| Abstract | no |
| Documentation | A type defining a step date and strictly-positive step value pair. This step definitions are used to define varying rate or amount schedules, e.g. a notional amortization or a step-up coupon schedule. |
'The date on which the associated stepValue becomes effective. This day may be subject to adjustment in accordance with a business day convention.'
'The strictly positive rate or amount which becomes effective on the associated stepDate. A rate of 5% would be represented as 0.05.'