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{
  "$schema": "http://json-schema.org/draft-04/schema#",
  "$anchor": "cdm.product.asset",
  "type": "object",
  "title": "FloatingRateDefinition",
  "description": "A data defining:  parameters associated with a floating rate reset. This data forms:  part of the cashflows representation of a stream.",
  "properties": {
    "calculatedRate": {
      "description": "The final calculated rate for a calculation period after any required averaging of rates A calculated rate of 5% would be represented as 0.05.",
      "type": "number"
    },
    "rateObservation": {
      "description": "The details of a particular rate observation, including the fixing date and observed rate. A list of rate observation elements may be ordered in the document by ascending adjusted fixing date. An FpML document containing an unordered list of rate observations is still regarded as a conformant document.",
      "type": "array",
      "items": {
        "$ref": "cdm-observable-asset-RateObservation.schema.json"
      },
      "minItems": 0
    },
    "floatingRateMultiplier": {
      "description": "A rate multiplier to apply to the floating rate. The multiplier can be a positive or negative decimal. This element should only be included if the multiplier is not equal to 1 (one).",
      "type": "number"
    },
    "spread": {
      "description": "The ISDA Spread, if any, which applies for the calculation period. The spread is a per annum rate, expressed as a decimal. For purposes of determining a calculation period amount, if positive the spread will be added to the floating rate and if negative the spread will be subtracted from the floating rate. A positive 10 basis point (0.1%) spread would be represented as 0.001.",
      "type": "number"
    },
    "capRate": {
      "description": "The cap rate, if any, which applies to the floating rate for the calculation period. The cap rate (strike) is only required where the floating rate on a swap stream is capped at a certain strike level. The cap rate is assumed to be exclusive of any spread and is a per annum rate, expressed as a decimal. A cap rate of 5% would be represented as 0.05.",
      "type": "array",
      "items": {
        "$ref": "cdm-product-template-Strike.schema.json"
      },
      "minItems": 0
    },
    "floorRate": {
      "description": "The floor rate, if any, which applies to the floating rate for the calculation period. 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, expressed as a decimal. The floor rate of 5% would be represented as 0.05.",
      "type": "array",
      "items": {
        "$ref": "cdm-product-template-Strike.schema.json"
      },
      "minItems": 0
    }
  }
}