Modified following business day convention: Difference between revisions

Latest revision as of 14:15, 27 March 2024

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-{{g}}A popular means of calculating [[interest|interest periods]] and determining interest payment dates. Nearly as popular as the [[following business day convention]]. If the end of your interest period would end on a non-business day, you roll forward to the next following one, unless that would fall in the following month, in which case you roll back to the immediately ''preceding'' [[business day]]. Popular with the tax- and accounting-obsessed, who care about what period you book a profit or revenue stream in.
+#redirect[[Modified Following - ISDA Definition]]
-{{sa}}
-*[[Business day convention]]