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Procedure documentationEditing the Determination Group Box

 

In the Determination group box on the Adjustment tab page, you edit the fields for a condition that belong to date category 220040 Determination.

In this group box, you define the determination date and the frequency with which a reference interest rate is to be determined.

For more information about adjustment, see Interest Rate Adjustment.

You specify the first determination date. All further determination dates are based on the time periods that you set up. The system adds the repetition unit to the first determination day.

The determination can be periodic, or it can be based on the settings of another date category, or you can create individual determination dates during the calendar year. This means you have the following options for the date update:

  • Periodic date update

  • Relative date update

  • Date update with annual set of dates

Prerequisites

On the Calculation tab page, you have entered an interest reference or you are using an interest reference in a formula. The fields in the Determination group box are now ready for input.

Procedure

You can make the following settings:

  • You can enter a working day shift for the future periodic dates.

    The working day shift specifies whether, and by how many days, the determined date is to be shifted if it falls on a Sunday or a public holiday.

    For more information, see Shifting Dates

  • You can enter up to five calendars for the working day shift.

    If you enter the working day shift, enter at least one calendar for this.

    Note Note

    The system uses the calendars that you enter to calculate a working day based on the working day shift. A working day must be a working day in all the calendars.

    End of the note.
Periodic date update

If the reference interest rate is to be determined periodically, enter Periodic in the Frequency Category field.

You can make the following settings:

  1. Enter the frequency in the Repetition Period und Repetition Unit fields.

  2. Enter the first determination day.

  3. You can flag the start date as being inclusive. This makes the determination date inclusive in all periods.

  4. You can enter a number of days to postpone the determination date or bring it forward (negative plus/minus sign).

  5. Alternatively, you can enter a reference date for the start date. This means that the determination is adapted, for example, to the contract start or the fixing start date.

  6. You can enter a one-time shift for the reference date.

  7. You can enter one or more key days on which the periodic determination is to take place. If you enter 31, each month is set to the last day of the month.

    Example Example

    The start date is on 01/28/2008 if the update is periodic, and the frequency is monthly.

    If you enter 28 for the key day, the system always updates the date on the 28th of the month. 02/28/2008, 03/28/2008, 04/27/2008, 05/28/2008 and so on would then follow.

    If you enter 31 for the key day, the system always updates the date on the last day of the month. 02/29/2008, 03/30/2008, 04/30/2008, 05/31/2008 and so on would then follow.

    End of the example.
Relative date update

To determine the reference interest rate in relation to a reference date, enter Relative in the Frequency Category field.

You can make the following settings:

  1. You can enter a number of days to postpone the determination date or bring it forward (negative plus/minus sign).

  2. You can calculate the determination date in relation to particular dates. Enter one of the following reference date categories:

Date update with annual set of dates

To adapt the reference interest rate on particular dates during the calendar year, enter Annual Block of Dates in the Frequency Category field.

You can make the following settings:

  1. Enter the first determination day.

  2. You can flag the start date as being inclusive. This makes the determination date inclusive in all periods.

  3. You can enter a key day on which the periodic determination is to take place. If you enter 31, each month is set to the last day of the month.

    Example Example

    You entered start date 01/01/2007 and 02/28 in the annual block of dates.

    If you enter 28 for the key day, the system annually updates the date on 02/28. 02/28/2007, 02/28/2008 and so on would follow.

    If you enter 31 for the key day, the system annually updates the date on the last day of the month. 02/28/2007, 02/29/2008, 02/28/2009 and so on would follow.

    End of the example.

  4. Enter at least one date in the Annual Block of Dates.

Result

You have defined the date update for the determination date.

More Information

Date Category 220040 - Determination

Editing the Adjustment Tab Page