Spread - ISDA Definition

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In a Nutshell Section 6.2(e):

6.2(e)Spread” means the specified annual rate (positive or negative). When determining a Floating Amount, a Compounding Period Amount or a Basic Compounding Period Amount, add the Spread to the Floating Rate.

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2006 ISDA Definitions: The full text of Section 6.2(e):

6.2(e)Spread” means the per annum rate (which may be negative), if any, expressed as a decimal, specified as such for the Swap Transaction or the party. For purposes of determining a Floating Amount, a Compounding Period Amount or a Basic Compounding Period Amount, the Spread will be added to the Floating Rate.
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