complexType "NotionalStepRule"
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Content: |
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Defined: |
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Includes: |
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Used: |
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XML Representation Summary |
<...> |
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</...> |
Content Model Elements (7):
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All Direct / Indirect Based Elements (1):
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Annotation
A type defining a parametric representation of the notional step schedule, i.e. parameters used to generate the notional balance on each step date. The step change in notional can be expressed in terms of either a fixed amount or as a percentage of either the initial notional or previous notional amount. This parametric representation is intended to cover the more common amortizing/accreting.
XML Source (w/o annotations (8); see within schema source)
<xsd:sequence>
</xsd:sequence>
</xsd:complexType>
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Content Element Detail (all declarations; defined within this component only; 7/7)
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A pointer style reference to the associated calculation period dates component defined elsewhere in the document.
XML Source (w/o annotations (1); see within schema source)
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Type: |
xsd:date, predefined, simple content |
Effective date of the first change in notional (i.e. a calculation period start date).
XML Source (w/o annotations (1); see within schema source)
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Type: |
xsd:date, predefined, simple content |
Effective date of the last change in notional (i.e. a calculation period start date).
XML Source (w/o annotations (1); see within schema source)
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Type: |
xsd:decimal, predefined, simple content |
The explicit amount that the notional changes on each step date. This can be a positive or negative amount.
XML Source (w/o annotations (1); see within schema source)
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Type: |
xsd:decimal, predefined, simple content |
The percentage amount by which the notional changes on each step date. The percentage is either a percentage applied to the initial notional amount or the previous outstanding notional, depending on the value of the element stepRelativeTo. The percentage can be either positive or negative. A percentage of 5% would be represented as 0.05.
XML Source (w/o annotations (1); see within schema source)
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The frequency at which the notional step changes occur. This frequency must be an integer multiple of the stream calculation period frequency.
XML Source (w/o annotations (1); see within schema source)
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Specifies whether the notionalStepRate should be applied to the initial notional or the previous notional in order to calculate the notional step change amount.
Simple Content
Enumeration: |
"Initial" |
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Change in notional to be applied is calculated by multiplying the percentage rate by the initial notional amount.
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"Previous" |
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Change in notional to be applied is calculated by multiplying the percentage rate by the previously outstanding notional amount.
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XML Source (w/o annotations (1); see within schema source)