Rate Spread

Rate Spread

Acronym: RRSP
Identifier: rateSpread
Group: Rate Reset
Type: Real
Default: 0

Description

Interest rate spread. A typical rate resetting rule is LIBOR plus x basis point where x represents the interest rate spread.
The following equation can be taken if RRMLT is not set: IPNR after rate reset = Rate selected from the market object + RRSP.