<LegPaymentStream> Component Block

The LegPaymentStream component is a subcomponent of the LegStreamGrp used to detail the attributes of a payment stream in a swap.

Used in :

<LegStreamGrp>

Tag	Field Name	FIXML	Req'd	Comments
40279	LegPaymentStreamType	@Typ	N	Identifies the type of payment stream applicable to the swap stream associated with the instrument leg.
40280	LegPaymentStreamMarketRate	@MktRt	N	Used only for credit index trade. This contains the credit spread ("fair value") at which the trade was executed. The market rate varies over the life of the index depending on market conditions. This is the price of the index as quoted by trading desks.
40281	LegPaymentStreamDelayIndicator	@DelayInd	N	Applicable to credit default swaps on mortgage backed securities to specify whether payment delays are applicable to the fixed amount. Residential mortgage backed securities typically have a payment delay of 5 days between the coupon date of the reference obligation and the payment date of the synthetic swap. Commercial mortage backed securities do not typically have a payment delay, with both payment dates (the coupon date of the reference obligation and the payment date of the synthetic swap) being on the 25th of each month.
42399	LegPaymentStreamCashSettlIndicator	@CshSettlInd	N	Indicates whether cash settlement is applicable.
40282	LegPaymentStreamSettlCurrency	@SettlCcy	N	Specifies the currency that the stream settles in (to support swaps that settle in a currency different from the notional currency). Uses ISO 4217 currency codes.
40283	LegPaymentStreamDayCount	@DayCnt	N	The day count convention used in the payment stream calculations.
43108	LegPaymentStreamOtherDayCount	@OtherDayCnt	N	May be used to specify a count method not listed in LegPaymentStreamDayCount(40283).
40284	LegPaymentStreamAccrualDays	@AcrlDays	N	The number of days from the adjusted calculation period start date to the adjusted value date, calculated in accordance with the applicable day count fraction.
40285	LegPaymentStreamDiscountType	@DiscTyp	N	The method of calculating discounted payment amounts.
40286	LegPaymentStreamDiscountRate	@Disc	N	Discount rate. The rate is expressed in decimal, e.g. 5% is expressed as 0.05.
40287	LegPaymentStreamDiscountRateDayCount	@DiscDayCnt	N	The day count convention applied to the LegPaymentStreamDiscountRate(40286).
40288	LegPaymentStreamCompoundingMethod	@CmpndgMeth	N	Compounding method.
42400	LegPaymentStreamCompoundingXIDRef	@CmpndgXIDRef	N	Mutually exclusive with LegPaymentStreamCompoundingFixedRate(42404) or the LegPaymentStreamCompoundingFloatingRate component.
42401	LegPaymentStreamCompoundingSpread	@CmpndgSpread	N	The spread to be used for compounding. Used in scenarios where the interest payment is based on a compounding formula that uses a compounding spread in addition to the regular spread.
42402	LegPaymentStreamInterpolationMethod	@IntrpltnMeth	N	The method used when calculating the index rate from multiple points on the curve. The most common is linear method.
42403	LegPaymentStreamInterpolationPeriod	@IntrpltnPeriod	N	Defines applicable periods for interpolation.
40289	LegPaymentStreamInitialPrincipalExchangeIndicator	@InitPrncplExchInd	N	Indicates whether there is an initial exchange of principal on the effective date.
40290	LegPaymentStreamInterimPrincipalExchangeIndicator	@IntrmPrncplExchInd	N	Indicates whether there are intermediate or interim exchanges of principal during the term of the swap.
40291	LegPaymentStreamFinalPrincipalExchangeIndicator	@FnlPrncplExchInd	N	Indicates whether there is a final exchange of principal on the termination date.
41549	LegPaymentStreamFlatRateIndicator	@FlatRtInd	N	When this element is specified and set to 'Y', the Flat Rate is the New Worldwide Tanker Nominal Freight Scale for the Freight Index Route taken at the trade date of the transaction "Fixed". If 'N' it is taken on each pricing date "Floating".
41550	LegPaymentStreamFlatRateAmount	@FlatRtAmt	N	Specifies the actual monetary value of the flat rate when LegPaymentStreamFlatRateIndicator(41549) = 'Y'.
41551	LegPaymentStreamFlatRateCurrency	@FlatRtCcy	N	Specifies the currency of the actual flat rate. Uses ISO 4217 currency codes.
41552	LegStreamMaximumPaymentAmount	@MaxPmtAmt	N	Specifies the limit on the total payment amount.
41553	LegStreamMaximumPaymentCurrency	@MaxPmtCcy	N	Specifies the currency of total payment amount limit. Uses ISO 4217 currency codes.
41554	LegStreamMaximumTransactionAmount	@MaxTxnAmt	N	Specifies the limit on the payment amount that goes out in any particular calculation period.
41555	LegStreamMaximumTransactionCurrency	@MaxTxnCcy	N	Specifies the currency of the period payment amount limit. Uses ISO 4217 currency codes.
<LegPaymentStreamPaymentDates>			N
<LegPaymentStreamResetDates>			N
<LegPaymentStreamFixedRate>			N
<LegPaymentStreamFloatingRate>			N
42404	LegPaymentStreamCompoundingFixedRate	@CmpndgFixedRt	N	Mutually exclusive with LegPaymentStreamCompoundingXIDRef(42400) or the LegPaymentStreamCompoundingFloatingRate component.
<LegPaymentStreamCompoundingFloatingRate>			N
<LegPaymentStreamCompoundingDates>			N
<LegPaymentStreamNonDeliverableSettlTerms>			N

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