element <spread> (local)
Namespace: |
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Type: |
xsd:decimal |
Content: |
simple |
Defined: |
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XML Representation Summary |
<spread> |
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Content: |
{ xsd:decimal } |
</spread> |
Included in content model of elements (1):
-
Annotation
The ISDA Spread, if any, which applies for the calculation period. It also defines spread as price. The spread is a per annum rate, expressed as a decimal. For purposes of determining a calculation period amount, if positive the spread will be added to the floating rate and if negative the spread will be subtracted from the floating rate. A positive 10 basis point (0.1%) spread would be represented as 0.001.
XML Source (w/o annotations (1); see within schema source)
<xsd:element minOccurs="0" name="spread" type="xsd:decimal"/>
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