1. Cash Flow Engine Reference Guide
  2. Cash Flow Dictionary
  3. Cash Flow Columns
  4. Binary Rate (BINARY_RATE)
  5. Module Usage

8.2.142.2 Module Usage

Oracle ALM

In Oracle ALM, when Modeling Interest Rate Caps or Floors, the Binary Rate is an optional input. If specified, the Cash Flow Engine will treat Interest Rate Caps or Floors as Binary Interest Rate Caps or Floors and will limit the maximum exposure on the floating leg of the contract by the given Binary Rate.