Skip to content
FIXtags

FIX TAG 223

CouponRate

floatAdded FIX.4.2

Definition

For Fixed Income. Coupon rate of the bond. Will be zero for step-up bonds.

Compare versions

Differences between the selected source snapshots, including wording and errata; not a migration guide.

FIX 4.4 FIX 4.2

PropertyFIX 4.4FIX 4.2
TypePercentagefloat

Definition text changed

FIX 4.4

The rate of interest that, when multiplied by the principal, par value, or face value of a bond, provides the currency amount of the periodic interest payment. The coupon is always cited, along with maturity, in any quotation of a bond's price.

FIX 4.2

For Fixed Income. Coupon rate of the bond. Will be zero for step-up bonds.

No enumerated values are defined for this field in this source.

About the float data type

Sequence of digits with optional decimal point and sign character (ASCII characters "-", "0" - "9" and "."); the absence of the decimal point within the string will be interpreted as the float representation of an integer value. All float fields must accommodate up to fifteen significant digits. The number of decimal places used should be a factor of business/market needs and mutual agreement between counterparties.

Used in messages 26

Includes nested components and repeating groups. Open a location to see its surrounding requirements.