Slot: rateCutOffDaysOffset
Specifies the number of business days before the period end date when the rate cut-off date is assumed to apply. The financial business centers associated with determining the rate cut-off date are those specified in the reset dates adjustments. The rate cut-off number of days must be a negative integer (a value of zero would imply no rate cut off applies in which case the rateCutOffDaysOffset element should not be included). The relevant rate for each reset date in the period from, and including, a rate cut-off date to, but excluding, the next applicable period end date (or, in the case of the last calculation period, the termination date) will (solely for purposes of calculating the floating amount payable on the next applicable payment date) be deemed to be the relevant rate in effect on that rate cut-off date. For example, if rate cut-off days for a daily averaging deal is -2 business days, then the refix rate applied on (period end date - 2 days) will also be applied as the reset on (period end date - 1 day), i.e. the actual number of reset dates remains the same but from the rate cut-off date until the period end date, the same refix rate is applied. Note that in the case of several calculation periods contributing to a single payment, the rate cut-off is assumed only to apply to the final calculation period contributing to that payment. The day type associated with the offset must imply a business days offset.
URI: common_domain_model:rateCutOffDaysOffset
Applicable Classes
| Name |
Description |
Modifies Slot |
| ResetDates |
A data defining: the parameters used to generate the reset dates schedule an... |
no |
Properties
Type and Range
Cardinality and Requirements
Schema Source
Mappings
| Mapping Type |
Mapped Value |
| self |
common_domain_model:rateCutOffDaysOffset |
| native |
common_domain_model:rateCutOffDaysOffset |
LinkML Source
name: rateCutOffDaysOffset
description: Specifies the number of business days before the period end date when
the rate cut-off date is assumed to apply. The financial business centers associated
with determining the rate cut-off date are those specified in the reset dates adjustments.
The rate cut-off number of days must be a negative integer (a value of zero would
imply no rate cut off applies in which case the rateCutOffDaysOffset element should
not be included). The relevant rate for each reset date in the period from, and
including, a rate cut-off date to, but excluding, the next applicable period end
date (or, in the case of the last calculation period, the termination date) will
(solely for purposes of calculating the floating amount payable on the next applicable
payment date) be deemed to be the relevant rate in effect on that rate cut-off date.
For example, if rate cut-off days for a daily averaging deal is -2 business days,
then the refix rate applied on (period end date - 2 days) will also be applied as
the reset on (period end date - 1 day), i.e. the actual number of reset dates remains
the same but from the rate cut-off date until the period end date, the same refix
rate is applied. Note that in the case of several calculation periods contributing
to a single payment, the rate cut-off is assumed only to apply to the final calculation
period contributing to that payment. The day type associated with the offset must
imply a business days offset.
from_schema: https://w3id.org/lmodel/common-domain-model
rank: 1000
domain_of:
- ResetDates
range: Offset