PrdsDisc | ||||||||
Data Type: Annual Sequence (Optional) | ||||||||
Either an Annual Sequence (series of sequence numbers in the format mm.dd) or an Integer to select a fixed option | ||||||||
This "...disc" type of Periods, ØPeriodsDiscØ is used in PV calculations for determining the length of time between the cashflow date and the NPV date prior to discounting. For more about how Periods and DayCount together determine the length in time between two dates, see Using Daycount. Note that it does NOT affect the discounting method, per se, which is done using the conventional 1/(1+t)^r formulation, and it does NOT describe payment timing. theCommon values of this variable might be: | ||||||||
Example: 3 | ||||||||
Variable Values | ||||||||
Default(s) | ||||||||
-4 | Quarterly in arrear, calendar quarters (1st April for Jan-March accrual, 1st Jul payment for April-June accrual, etc) | |||||||
Switches | ||||||||
-12 | Monthly in arrear, calendar months {1st Jan payment for Dec accrual, Feb 1 payment for Jan accrual etc} | |||||||
-4 | Quarterly in arrear, calendar quarters (1st April for Jan-March accrual, 1st Jul payment for April-June accrual, etc) | |||||||
-2 | 6 monthly in arrears (1st Jan payment for Jul-Dec accrual,1st July payment for Jan-June accrual ) | |||||||
-1 | Annually In Arrear 1st Jan payment for Jul-Dec accrual | |||||||
1 | Annually, 1st Jan | |||||||
2 | 6 monthly (1st Jan, 1st July) | |||||||
4 | Calendar quarters (1.01, 4.01, 7.01, 10.01) | |||||||
12 | Calendar months {1.01, 1.02 etc} | |||||||
14 | Continuous (could be thought of as daily) |