Template:Business day conventions: Difference between revisions
Jump to navigation
Jump to search
Amwelladmin (talk | contribs) No edit summary |
Amwelladmin (talk | contribs) No edit summary |
||
| Line 6: | Line 6: | ||
*'''[[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 | :'''[[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 17:28, 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.