DOC: correction

attack68 · Oct 15, 2024 · 35d1304 · 35d1304
1 parent cc49947
commit 35d1304
Showing 1 changed file with 2 additions and 1 deletion.
diff --git a/python/rateslib/legs.py b/python/rateslib/legs.py
@@ -1722,7 +1722,8 @@ class CreditPremiumLeg(BaseLeg, _FixedLegMixin):
     args : tuple
         Required positional args to :class:`BaseLeg`.
     fixed_rate : float, optional
-        The credit spread applied to determine cashflows in bps (i.e 5.0 = 5bps). Can be left unset and
+        The credit spread applied to determine cashflows in percentage points (i.e 50bps = 0.50). 
+        Can be left unset and
         designated later, perhaps after a mid-market rate for all periods has been calculated.
     premium_accrued : bool, optional
         Whether the premium is accrued within the period to default.