Nominal Interest for Unit-Quoted Bonds

Required entries:

  • Effective from date

  • Interest payment amount per unit

  • Frequency in months ( Frq ) in which the interest is paid

  • Calculation date (= last day of the current interest period)

  • First due date (= day of the first interest payment)

  • Currency (of the interest payment)

Additional entry fields:

You flag fields MC and ED to determine whether you want the calculation date or the due date to fall on the last day of the month. If you select these fields, the respective day is always the last day of the month, even if you enter another date somewhere else.

Field CR enables you to choose whether to shift the calculation date or the due date to a working day if the date entered is not a working day. If you opt to shift the due date, you have to select an appropriate calendar from the Dates screen .

Caution Caution

Since the calculation date is used as a basis for calculating financial mathematical transactions, you are advised not to choose a shift rule.

You can display the due date, the payment date, the calculation period and the days that result from the interest payments by choosing the Dates button on the Amounts screen .

End of the caution.