Type: int
The specification of any provisions for calculating payment obligations when a floating rate is negative (either due to a quoted negative floating rate or by operation of a spread that is subtracted from the floating rate).
Added in protocol FIX.5.0SP2 (EP 161)
Valid values
| Value | Description | Added |
|---|---|---|
| 0 | Zero interest rate method | FIX.5.0SP2 (EP 161) |
| 1 | Negative interest rate method | FIX.5.0SP2 (EP 161) |