element <defaultRate> (local)
Namespace:
http://www.fpml.org/FpML-5/confirmation
Type:
PeriodRate
Content:
complex, 3 elements
Defined:
locally within FacilityRates.model group in fpml-loan-5-8.xsd; see XML source
Content Model Diagram
XML Representation Summary
<defaultRate>
   
Content: 
startDate, endDate?, rate
</defaultRate>
Content model elements (3):
endDate (defined in PeriodOptionalEnd.model group),
rate (defined in PeriodRate complexType),
Included in content model of elements (5):
delayedDraw, facilityGroup, letterOfCreditFacility, revolver, termLoan
Annotation
This represents a default rate that may apply in addition to a regular margin rate (on outstanding loan contracts). This rate applied at the discretion of the agent bank, if the borrower is deemed to be in default.
XML Source (w/o annotations (1); see within schema source)
<xsd:element minOccurs="0" name="defaultRate" type="PeriodRate"/>
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.