Clarification of BankingProductDiscount property

Question

Please clarify the description of the BankingProductDiscount feeRate property:

“A discount rate calculated based on a proportion of the fee to which this discount is attached.”

Does this mean a feeRate value of 1.0 specifies a 100% discount of the related fee, and 0.5 specifies a 50% discount of the fee?

Answer

That is correct. feeRate is a RateString which is defined as "a rate of 100% would be represented by the value 1.0 and a rate of -100% by -1.0"

See:

• CDS BankingProductDiscount
• CDS Common Field Types