Field PaymentStubIndexFloorRate (40889) - FIX Protocol FIX.5.0SP2 EP240

Type: Percentage

The floor rate, if any, which applies to the floating rate. The floor rate (strike) is only required where the floating rate on a swap stream is floored at a certain strike level. The floor rate is assumed to be exclusive of any spread and is a per annum rate, expressed as a decimal. A floor rate of 5% would be represented as 0.05.

Added in protocol FIX.5.0SP2 (161)

Used in components