Settlement

[Patrick Durusau <patrick@durusau.net>]

Greetings!

David,

While looking at the formula draft I found:

ACCRINT

/settlement/ The security's settlement date.

ACCRINTM

/settlement/ The security's maturity date.

COUPDAYBS

settlement The settlement date.
maturity The maturity date.

I intuit (perhaps incorrectly) that:

1) settlement for ACCINT means the date on which one payment (of 
several), is due.

2) settlement for for ACCINTM means the date on which the instrument 
matures (same as payment date).

3) here I get stuck. Because like for #1, settlement is being defined in 
terms of settlement.

Suggest having "settlement" on both sides without more is going to be 
confusing.  (This happens in several places.)

What is more, I am guessing on the first two just from context.

Hope everyone is having a great day!

Patrick

-- 
Patrick Durusau
patrick@durusau.net
Chair, V1 - US TAG to JTC 1/SC 34
Convener, JTC 1/SC 34/WG 3 (Topic Maps)
Editor, OpenDocument Format TC (OASIS), Project Editor ISO/IEC 26300
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