10.7.4.4 Indexed Rate

Selecting the indexed rate repricing type allows you to set the rate of the instrument to an adjustable value, defined as the index rate plus a margin.

The following table describes the event detail characteristics that are available when the indexed rate repricing type is selected.

Table 10-4 Indexed Rate

Characteristic	Description
Interest Rate Code	The reference interest rate is used as the index rate to set gross and net rates. This list of values is pulled from the current Historical Rates database.
Transfer Rate Interest Rate Code	The interest rate used to calculate the transfer rate.
Yield Curve Term	The term used in interest rate code lookups; if left blank, defaults to the term until the next repricing; set with a value and multiplier.
Net Margin	Added to the index rate to get the net rate.
Gross Margin	Added to the index rate to get the gross rate.
Transfer Margin	Added to the index rate to get transfer rate.
Rate Cap Life	The upper limit for gross rate.
Rate Floor Life	The lower limit for gross rate.
Rate Set Lag	Period by which the date of the interest rate used for calculation precedes the event date; set with a value and a multiplier.