## Gearings 1

Key

**in IRS refers to an optional 1D-array of predefined constant numbers**

*Gearings 1***that multiply the applicable fixing in**

*g***in order to produce the final rate (before the spread addition) used in calculating the floating cash flow amount.**

*Index 1*If omitted, a flat value of 1 is assumed.

If

**values are provided, then the first**

*n***cash flows are paired with the provided**

*n***values in successive order.**

*n*If any cash flows are left over, they will use the last value.

Look at IRS for the exact mathematical formula.