1. Cash Flow Engine Reference Guide
  2. Cash Flow Dictionary
  3. Cash Flow Columns
  4. First Reset Cap Effect Rate
  5. Definition

8.2.51.1 Definition

The current rate of the instrument on the Cash Flow Date. The calculation is performed as:

((Fully Indexed Rate - Capped Rate adjusted with First Reset Cap/Floor)* FE60)

This will be 0 if a fully indexed rate is between the Capped Rate adjusted with First Reset Cap and the Floored Rate adjusted with First Reset Floor.