Template:Interest adjustment and interest transfer: Difference between revisions
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One might query whether | One might query whether “{{csaprov|Daily Interest Compounding}}” should apply. | ||
{{ | Interest compounds anyway at the end of each specified interest period (because it is paid out or added to the {{csaprov|Credit Support Balance (VM)}}, depending on which election you made at {{csaprov|11(g)(ii)}}. If that period is “daily” then there's nothing really to be gained by {{csaprov|Daily Interest Compounding}}. If the {{csaprov|Interest Period}} is longer than that, there may be — but in the present environment (which, as those of you who lived through the Weimar Republic<ref>NONE of you lived through the Weimar Republic, by the way.</ref> may recall, CAN MOST DEFINITELY CHANGE) — the thought of daily compounding 1/365th of the ''bugger all'' interest you're getting paid anywaymight seem like a fight it’s not worth dying in a [[ditch]] about<ref>Be assured, though - your [[Mediocre lawyer|lawyers]] will disagree.</ref>. | ||
{{sa}} | |||
*{{csaprov|Interest Amount (VM)}} | *{{csaprov|Interest Amount (VM)}} | ||
*{{csaprov|Interest Payment (VM)}} | *{{csaprov|Interest Payment (VM)}} | ||
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*{{csaprov|Daily Interest Compounding}} | *{{csaprov|Daily Interest Compounding}} | ||
*{{csaprov|11(g)(ii)}} | *{{csaprov|11(g)(ii)}} | ||
{{ref}} | |||
Latest revision as of 11:36, 18 January 2020
One might query whether “Daily Interest Compounding” should apply.
Interest compounds anyway at the end of each specified interest period (because it is paid out or added to the Credit Support Balance (VM), depending on which election you made at 11(g)(ii). If that period is “daily” then there's nothing really to be gained by Daily Interest Compounding. If the Interest Period is longer than that, there may be — but in the present environment (which, as those of you who lived through the Weimar Republic[1] may recall, CAN MOST DEFINITELY CHANGE) — the thought of daily compounding 1/365th of the bugger all interest you're getting paid anywaymight seem like a fight it’s not worth dying in a ditch about[2].
See also
- Interest Amount (VM)
- Interest Payment (VM)
- Interest Adjustment (paragraph 5(c)(ii)(A))
- Interest Transfer (paragraph 5(c)(ii)(B))
- Daily Interest Compounding
- 11(g)(ii)