Page Comparison

Compounding Indicator

11875

Specifies whether the security compounds unpaid interest. Options include Yes or No. If you set this value to Yes, the remaining Compounding Information field values are required. 

Compounding Method

11876

Identifies the method used for compounding interest. Options include:

• All. The Index Offset for floating rate securities is included in the compound interest calculation.
• Flat. The Index Offset for floating rate securities is not included in the compound interest calculation.
• Spread Exclusive. Compounds the index portion of a floating (or inverse floating) interest rate and accrues the spread portion of the rate normally without compounding. 

Compounding Frequency

11877

Specifies the frequency at which the security compounds interest.

First Compounding Date

11878

Specifies the first date on which the compounding begins for the security.

Last Compounding Date

11879

Specifies the end date when interest compounding ceases for the security.

Specifies the rounding precision for the compounded rate of return on each security. This field appears if the Coupon Type Code field (tag 97) has a value of X (Floating Rate) or R (Inverse Floater) and you set the Coupon Rate Fixing Method field to Reset At End. Options include: 

• 0.0000001% (9)
• 0.000001% (8)
• 0.00001% (7)
• 0.0001% (6)
• 0.001% (5)

Specifies the direction of rounding for fractional numbers based on the Final Rate Rounding Precision value. This field appears if the Coupon Type Code field (tag 97) has a value of X (Floating Rate) or R (Inverse Floater) and you set the Coupon Rate Fixing Method field to Reset At End. Options include:

• D (Down)
• N (Nearest)
• U (Up)