DividendPayout

A type describing the dividend payout ratio associated with an equity underlyer. In certain cases the actual ratio is not known on trade inception, and only general conditions are then specified.

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Field	Type	Description	Print form title	FFSM title	Properties	Conditions
Choice begin
Branch1
dividendPayoutRatio	xsd:decimal	Specifies the actual dividend payout ratio associated with the equity underlyer.	Dividend payout ratio.		1-1, mre, mfr
Branch2
dividendPayoutConditions	xsd:string	Specifies the dividend payout conditions that will be applied in the case where the actual ratio is not known, typically because of regulatory or legal uncertainties.	Dividend payout conditions.		1-1, mre, mfr
Choice end
dividendPayment	PendingPayment	The next upcoming dividend payment or payments.	Dividend payment.		0-∞, mfr

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DividendPayout

Selecting one of variants:

dividendPayoutRatio(decimal)

	Specifies the actual dividend payout ratio associated with the equity underlyer.

dividendPayoutConditions(string)

	Specifies the dividend payout conditions that will be applied in the case where the actual ratio is not known, typically because of regulatory or legal uncertainties.

dividendPayment(PendingPayment)

	The next upcoming dividend payment or payments.

paymentDate(date)

	The date that the dividend or coupon is due.

amount(Money)

The amount of the dividend or coupon payment. Value of dividends or coupon between ex and pay date. Stock: if we are between ex-date and pay-date and the dividend is payable under the swap, then this should be the ex-div amount * # of securities. Bond: regardless of where we are vis-a-vis resets: (coupon % * face of bonds on swap * (bond day count fraction using days last coupon pay date of the bond through today).

currency(Currency)

	The currency in which an amount is denominated.
	Code of currency of denomination.

amount(decimal)

	The monetary quantity in currency units. For the purposes of reporting to the repository, an amount is specified with 7 decimal places. For example, 350.1234567. The value of 350.45 would be represented as 350.4500000.

accruedInterest(Money)

Accrued interest on the dividend or coupon payment. When the TRS is structured to pay a dividend or coupon on reset after payable date, you may earn interest on these amounts. This field indicates the interest accrued on dividend/coupon from pay date to statement date. This will only apply to a handful of agreements where dividendss are held to the next reset AND you receive/pay interest on unpaid amounts.

currency(Currency)

	The currency in which an amount is denominated.
	Code of currency of denomination.

amount(decimal)

	The monetary quantity in currency units. For the purposes of reporting to the repository, an amount is specified with 7 decimal places. For example, 350.1234567. The value of 350.45 would be represented as 350.4500000.