Floating Rate Definition

1.3 Floating Rate Definition

This topic describes the maintenance of floating rate for the contract.

The Interest Rate Type of a product can be one of the following:

Fixed
Floating
Special

A Floating Rate corresponds to the market rates for the day. These rates are maintained and updated daily (or whenever they change) in the Floating Rates Table. The rates can be applied on a contract with or without a spread.

This topic has the following topics:

Capture Currency Details
This topic describes the rate codes associated with a currency.
Tenor and Interest Rate Details
This topic describes tenor-based interest rates.
Rate Code Usage
This topic describes the auto rate code usage.

Parent topic: Core Maintenance