SDX Interest Rates Help > Working with SDX Interest Rates > Working With the Digital Swap Coupon Builder Window > Fields and Buttons in the Digital Swap Coupon Builder Window

Fields and Buttons in the Digital Swap Coupon Builder Window

For a list of the fields and buttons in the Digital Swap Coupon Builder Window (Working With the Digital Swap Coupon Builder Window) see Table 1.

Table 1: Fields and Buttons in the Digital Swap Coupon Builder Window

Field

Description

Add

Adds an additional row to the end of the table where an additional condition can be specified.

Insert

Inserts a new row into the table above the selected line.

Remove

Removes the selected row from the table.

Accept

Saves the coupons as specified and closes the Digital Swap Coupon Builder window.

Close

Closes the Digital Swap Coupon Builder window. Changes made are not saved unless you click Accept.

Observation Variable

Defines which index is to be observed.

#

Lists the conditions in numerical order.

Type

Defines whether the coupon to be paid if the row’s condition is met is to be based on a fixed or floating rate.

Rate/Index

Defines the coupon rate.

So if the coupon type is set to Fixed you define here the fixed rate to be paid; if the coupon type is set to Float this field defines the index on which the floating rate is to be based.

Fixing

Defines whether the floating rate is to be fixed in advance or arrears.

Currently this is set by default to in advance.

* This is only displayed if the coupon type is set to Float.

Spread (bp)

Defines a value to add to or subtract from (as specified by the + <> - toggle button) the floating rate.

* This is only displayed if the coupon type is set to Float.

Greater than <>

Greater than / Equal to

Defines the bottom end of the range of the observed index to which the condition applies.

Less than <>

Less than / Equal to

Defines the top end of the range of the observed index to which the condition applies.