element <recoveryFactor> (local)

Namespace:	http://www.fpml.org/FpML-5/confirmation
Type:	DecimalFraction
Content:	simple
Defined:	locally within FixedRecovery.model group in fpml-cd-5-11.xsd; see XML source

Content Model Diagram

XML Representation Summary
<recoveryFactor>
	Content:	{ xsd:decimal }
</recoveryFactor>

Simple Content Detail:

MaxInclusive:	1
MinInclusive:	0

Included in content model of elements (1):

cashSettlementTerms

Annotation

Used for fixed recovery, specifies the recovery level, determined at contract inception, to be applied on a default. Used to calculate the amount paid by the seller to the buyer for cash settlement on the cash settlement date. Amount calculation is (1 minus the Recovery Factor) multiplied by the Floating Rate Payer Calculation Amount. The currency will be derived from the Floating Rate Payer Calculation Amount.

XML Source (w/o annotations (1); see within schema source)

<xsd:element name="recoveryFactor" type="DecimalFraction"/>

XML schema documentation generated with DocFlex/XML 1.10b5 using DocFlex/XML XSDDoc 2.8.1 template set. All content model diagrams generated by Altova XMLSpy via DocFlex/XML XMLSpy Integration.