---
title: "FIX 5.0 SP2 EP292: UnderlyingPaymentStubIndexFloorRate <40725> field – FIX Dictionary – Onix Solutions"
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# UnderlyingPaymentStubIndexFloorRate <40725> field

## FIX 5.0 SP2 EP292

### Description

 Type: [Percentage](https://www.onixs.biz/fix-dictionary/5.0.sp2.ep292/index.html#Percentage)

 The floor rate, if any, which applies to the floating rate. The floor rate (strike) is only required where the floating rate on a swap stream is floored at a certain strike level. The floor rate is assumed to be exclusive of any spread and is a per annum rate, expressed as a decimal. A floor rate of 5% would be represented as 0.05.

### Used In

- [<UnderlyingPaymentStubGrp>](https://www.onixs.biz/fix-dictionary/5.0.sp2.ep292/compBlock_UnderlyingPaymentStubGrp.html)

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