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FIXtags

FIX TAG 223

CouponRate

PercentageAdded FIX.4.2

Definition

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.

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FIX 4.2 FIX 4.4

PropertyFIX 4.2FIX 4.4
TypefloatPercentage

Definition text changed

FIX 4.2

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

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.

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

About the Percentage data type

float field representing a percentage (e.g. 0.05 represents 5% and 0.9525 represents 95.25%). Note the number of decimal places may vary.

Used in messages 59

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