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Nominal Interest Rate 2

Nominal Interest Rate 2​

Acronym: IPNR2
Identifier: nominalInterestRate2
Group: Interest
Type: Real
Default: ``

Description​

The nominal interest rate which will be used to calculate accruals and the next interest payment at the next IP date on the second leg (the one not mentioned in CNTRL) of a plain vanilla swap. The relevant time period is a function of IPDC. It is periodically updated per SD.