1.7 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:

• Maintain Floating Rate Input
  This topic explains systematic instructions to maintain LD MM floating rate input.
• Maintain Rate Code Definition
  This topic explains systematic instructions to process and define rate code definition.
• Process Rate Code Definition Summary
  This topic explains systematic instructions to process the summary of rate code definition.
• 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.