Narrative
The initial rate is 6.63031%. A message is exchanged to confirm the rate as well as the interest amount which will be settled at the payment date of the first floating interest payment.
Message 1: SWIFT Message from JPMorgan Chase Bank, New York
 Explanation |
Format |
|---|---|
| Sender |
|
| Message Type |
|
| Receiver |
|
| Message Text |
|
| General Information |
|
| Sender's Reference |
|
| Type of Operation |
|
| Scope of Operation |
|
| Common Reference |
|
| Identification of the Swap |
|
| Contract Number Party A |
|
| Effective Date |
|
| Termination Date |
|
| Party A |
|
| Party B |
|
| Interest Rate/Principal Payable by Party A |
|
| Calculation Notional Currency and Amount |
|
| Period Start Date |
|
| Period End Date |
|
| Reset Rate |
|
| Spread |
|
| Total Rate |
|
| Payment Date |
|
| Currency, Interest Amount |
|
| (Net) Amount(s) Payable by Party A |
|
| Number of Repetitions |
|
| Payment Date |
|
| Currency, Payment Amount |
|
| Receiving Agent |
|
