Rate Multiplier
Rate Multiplier
Acronym: RRMLT
Identifier: rateMultiplier
Group: Rate Reset
Type: Real
Default: 1
Description
Interest rate multiplier. A typical rate resetting rule is LIBOR plus x basis point where x represents the interest rate spread. However, in some cases like reverse or super floater contracts an additional rate multiplier applies. In this case, the new rate is determined as: IPNR after rate reset = Rate selected from the market object * RRMLT + RRSP.