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 (161)
Valid values
Value | Description | Added |
---|---|---|
0 | Zero interest rate method | FIX.5.0SP2 (161) |
1 | Negative interest rate method | FIX.5.0SP2 (161) |