Field LegPaymentStreamFloorRate (40342) - 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. The rate is expressed as a decimal, e.g. 5% is represented as 0.05.

Added in protocol FIX.5.0SP2 (161)

Used in components