Template:Business day conventions: Difference between revisions
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Amwelladmin (talk | contribs) Created page with "===Business day conventions for your reading pleasure=== *'''No Adjustment business day convention''': The keep calm and carry on option: non-workdays of any kind are..." |
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===[[Business day convention]]s for your reading pleasure=== | ===[[Business day convention]]s for your reading pleasure=== | ||
*'''[[No Adjustment business day convention]]''': The keep calm and carry on option: non-workdays of any kind are effectively ignored. Cashflows falling on non-workdays are assumed to be distributed on the actual date. | *'''[[No Adjustment business day convention]]''': The keep calm and carry on option: non-workdays of any kind are effectively ignored. Cashflows falling on non-workdays are assumed to be distributed on the actual date. | ||
*'''Previous business day convention''': Back to the day before: Cashflows falling on non-workdays are assumed to be distributed on the previous [[business day]]. | *'''[[Previous business day convention]]''': Back to the day before: Cashflows falling on non-workdays are assumed to be distributed on the '''[[previous]]''' [[business day]]. | ||
*'''[[Following business day convention]]''': Cashflows falling on a non-workday are assumed to be distributed on the [[next] [[business day]]. | *'''[[Following business day convention]]''': Cashflows falling on a non-workday are assumed to be distributed on the '''[[next]]''' [[business day]]. | ||
*'''[[Modified Previous business day convention]]''': Cashflows falling on a non-workday are assumed to be distributed on the previous [[business day]] ''unless it would fall in a different month'', in which case it’s the [[next]] [[business day]]. | *'''[[Modified Previous business day convention]]''': Cashflows falling on a non-workday are assumed to be distributed on the '''[[previous]]''' [[business day]] ''unless it would fall in a different month'', in which case it’s the '''[[next]]''' [[business day]]. | ||
*'''[[Modified Following business day convention]]''': Cashflows falling on a non-workday are assumed to be distributed on the [[next] [[business day]] unless it would fall in a different month, in which case it’s the [[previous]] [[business day]]. | *'''[[Modified Following business day convention]]''': Cashflows falling on a non-workday are assumed to be distributed on the '''[[next]]''' [[business day]] unless it would fall in a different month, in which case it’s the '''[[previous]]''' [[business day]]. | ||
:'''[[End of month - no adjustment business day convention]]''': All cashflows are assumed to be distributed on the final day of the month (even if it is not a workday). | :'''[[End of month - no adjustment business day convention]]''': All cashflows are assumed to be distributed on the final day of the month (even if it is not a workday). | ||
:'''[[End of Month - Previous business day convention]]''': All cashflows are assumed to be distributed on the final day of the month ''unless it is not a workday'', in which case it's the previous [[business day]]. | :'''[[End of Month - Previous business day convention]]''': All cashflows are assumed to be distributed on the final day of the month ''unless it is not a workday'', in which case it's the '''[[previous]]''' [[business day]]. | ||
:'''[[End of Month - Following business day convention]]''': All cashflows are assumed to be distributed on the final day of the month ''unless it is not a workday'', in which case it's the [[next]] business day. | :'''[[End of Month - Following business day convention]]''': All cashflows are assumed to be distributed on the final day of the month ''unless it is not a workday'', in which case it's the '''[[next]]''' business day. | ||
Revision as of 17:27, 3 April 2018
Business day conventions for your reading pleasure
- No Adjustment business day convention: The keep calm and carry on option: non-workdays of any kind are effectively ignored. Cashflows falling on non-workdays are assumed to be distributed on the actual date.
- Previous business day convention: Back to the day before: Cashflows falling on non-workdays are assumed to be distributed on the previous business day.
- Following business day convention: Cashflows falling on a non-workday are assumed to be distributed on the next business day.
- Modified Previous business day convention: Cashflows falling on a non-workday are assumed to be distributed on the previous business day unless it would fall in a different month, in which case it’s the next business day.
- Modified Following business day convention: Cashflows falling on a non-workday are assumed to be distributed on the next business day unless it would fall in a different month, in which case it’s the previous business day.
- End of month - no adjustment business day convention: All cashflows are assumed to be distributed on the final day of the month (even if it is not a workday).
- End of Month - Previous business day convention: All cashflows are assumed to be distributed on the final day of the month unless it is not a workday, in which case it's the previous business day.
- End of Month - Following business day convention: All cashflows are assumed to be distributed on the final day of the month unless it is not a workday, in which case it's the next business day.