element <spotRate> (local)

Namespace:	http://www.fpml.org/FpML-5/confirmation
Type:	PositiveDecimal
Content:	simple
Defined:	locally within FxAccrualOption complexType in fpml-fx-accruals-5-13.xsd; see XML source

Component Diagram

XML Representation Summary
<spotRate>
	Content:	{ xsd:decimal }
</spotRate>

Simple Content Detail:

MinExclusive:

Included in content model of elements (1):

fxAccrualOption

Annotation

An optional element used for FX forwards and certain types of FX OTC options. For deals consummated in the FX Forwards Market, this represents the current market rate for a particular currency pair. For barrier and digital/binary options, it can be useful to include the spot rate at the time the option was executed to make it easier to know whether the option needs to move "up" or "down" to be triggered.

XML Source (w/o annotations (1); see within schema source)

<xsd:element minOccurs="0" name="spotRate" type="PositiveDecimal"/>

XML schema documentation generated with FlexDoc/XML 1.12.2 using FlexDoc/XML XSDDoc 2.9.1 template set. All XSD diagrams generated by FlexDoc/XML DiagramKit.