element <payoffCap> (local)

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

Component Diagram

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

Included in content model of elements (1):

payoff (in settlementPeriod in settlementPeriodSchedule in fxAccrualForward)

Annotation

The amount of gain on the client upside or firm upside is limited. If spot settles above the cap, or below the floor, the payout is adjusted to limit the gain. The adjustment may be made by varying the strike, or by maintaining the strike, but varying the payout notionals.

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

<xsd:element minOccurs="0" name="payoffCap" type="xsd:decimal"/>

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.