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oMM_ConvertDR( ) - MM Convert Discount Rate Function

Component

Resolution - Bond Pricing

 

 

Function Definition

oMM_ConvertDR(Yield, SettlementDate, MaturityDate, AccrualConvention)

Returns an equivalent discount rate given a money market yield.

 

 

Bond Types

Money market instruments.

 

 

Function Parameters

 

Parameters

Description

 

Parameter Type

 

Restrictions

.

Yield

 

The redemption yield for the instrument.

 

Double

Yield >= 0

SettlementDate

 

Valuation date of the instrument.

 

Date

 

SetDate < MatDate

MaturityDate

 

Maturity date of the instrument.

 

Date

 

MatDate > SetDate

AccrualConvention

 

Day basis for determining accrued interest and length of discounting period.

 

Enumerated Constant

 

1 - Act/360
2 - Act/365
3 - Act/Act

 

 

 

 

 

 

 

See Also

Parameter Types

Money Market Function Parameters

oMMcpn_Yield( ) - Coupon Bearing MM Instrument Yield Function

oMMdisc_Yield( ) - Discount MM Instrument Yield Function

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