Template:Business day conventions: Difference between revisions

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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 ofmMonth - 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.