[gagansab]

Hi Harry, Thanks for your time.Much appreciated. Well let me tell you before I posted this question, I went through your post http://www.fpml.org/dev/modules/newbbex/viewtopic.php?viewmode=thread&topic_id=155&forum=4&post_id=355#355 🙂 Your post says that “So calculation-period- and payment- date adjustments are defined independently of each other, and can be configured to yield the required behavior.” The question is about resetDates-businessDayConvention, my understanding is a reset date can never fall on a holiday, therefore if we have a case where resetDate comes out to be a non business day(by adding reset frequency to calc period start date), a businessDayConvention of ‘NONE’ can/should never be applied and a non NONE business day convention should always be applied. Is my understanding correct ? Regards Gagan

[gagansab]

Hi Harry, Many thanks for your answer. So are we indirectly saying that there can never be case where both businessDayConvention in resetDates and calculationPeriodDates can be NONE ? I see that one of the enumerated values of businessDayConvention is NONE. Regards Gagan

[gagansab]

Hi Harry, Appreciate you for a comprehensive reply. I have a followup question. Do we see a case where in the business centres applied on calculationPeriodDates and paymentDates have different business centers ? Regards Gagan

[Author]

Posts

[gagansab]

Hi Harry, Thanks for your time.Much appreciated. Well let me tell you before I posted this question, I went through your post http://www.fpml.org/dev/modules/newbbex/viewtopic.php?viewmode=thread&topic_id=155&forum=4&post_id=355#355 🙂 Your post says that “So calculation-period- and payment- date adjustments are defined independently of each other, and can be configured to yield the required behavior.” The question is about resetDates-businessDayConvention, my understanding is a reset date can never fall on a holiday, therefore if we have a case where resetDate comes out to be a non business day(by adding reset frequency to calc period start date), a businessDayConvention of ‘NONE’ can/should never be applied and a non NONE business day convention should always be applied. Is my understanding correct ? Regards Gagan

[gagansab]

Hi Harry, Many thanks for your answer. So are we indirectly saying that there can never be case where both businessDayConvention in resetDates and calculationPeriodDates can be NONE ? I see that one of the enumerated values of businessDayConvention is NONE. Regards Gagan

[gagansab]

Hi Harry, Appreciate you for a comprehensive reply. I have a followup question. Do we see a case where in the business centres applied on calculationPeriodDates and paymentDates have different business centers ? Regards Gagan

[Author]

Posts