<DividendAccrualFloatingRate> Component Block

The DividendAccrualFloatingRate component is a subcomponent of DividendConditions used to define the dividend accrual floating rate attributes of dividend payment conditions.

Used in :

<DividendConditions>

Tag	Field Name	FIXML	Req'd	Comments
42218	DividendFloatingRateIndex	@Ndx	N	The dividend accrual floating rate index.
42219	DividendFloatingRateIndexCurvePeriod	@NdxPeriod	N	Conditionally required when DividendFloatingRateIndexCurveUnit(42220) is specified.
42220	DividendFloatingRateIndexCurveUnit	@NdxUnit	N	Conditionally required when DividendFloatingRateIndexCurvePeriod(42219) is specified.
42221	DividendFloatingRateMultiplier	@RtMult	N	A rate multiplier to apply to the floating rate. The multiplier can be less than or greater than 1 (one). This should only be included if the multiplier is not equal to 1 (one) for the term of the contract.
42222	DividendFloatingRateSpread	@Spread	N	The basis points spread from the index specified in DividendFloatingRateIndex(42218).
42223	DividendFloatingRateSpreadPositionType	@SpreadPosTyp	N	Identifies whether the rate spread is applied to a long or short position.
42224	DividendFloatingRateTreatment	@RtTrtmt	N	Specifies the yield calculation treatment for the index.
42225	DividendCapRate	@CapRt	N	The cap rate, if any, which applies to the floating rate. It is only required where the floating rate is capped at a certain level. The cap rate is assumed to be exclusive of any spread and is a per annum rate, expressed as a decimal. A cap rate of 5% would be represented as "0.05".
42226	DividendCapRateBuySide	@CapRtBuy	N	Reference to the buyer of the cap rate option through its trade side.
42227	DividendCapRateSellSide	@CapRtSell	N	Reference to the seller of the cap rate option through its trade side.
42228	DividendFloorRate	@FlrRt	N	The floor rate, if any, which applies to the floating rate. The floor rate (strike) is only required where the floating rate 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".
42229	DividendFloorRateBuySide	@FlrRtBuy	N	Reference to the buyer of the floor rate option through its trade side.
42230	DividendFloorRateSellSide	@FlrRtSell	N	Reference to the seller of the floor rate option through its trade side.
42231	DividendInitialRate	@InitRt	N	The initial floating rate reset agreed between the principal parties involved in the trade. This is assumed to be the first required reset rate for the first regular calculation period. It should only be included when the rate is not equal to the rate published on the source implied by the floating rate index. The initial rate is expressed in decimal form, e.g. 5% is represented as "0.05".
42232	DividendFinalRateRoundingDirection	@FnlRtRndDirctn	N	Specifies the rounding direction of the final rate.
42233	DividendFinalRatePrecision	@FnlRtPrcsn	N	Specifies the rounding precision of the final rate in terms of a number of decimal places. Note how a percentage rate rounding of 5 decimal places is expressed as a rounding precision of 7.
42234	DividendAveragingMethod	@AvgngMeth	N	When averaging is applicable, used to specify whether a weighted or unweighted average method of calculation is to be used.
42235	DividendNegativeRateTreatment	@NegtvRtTrtmt	N	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).