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fixing date: This is the day and time whereby the comparison between the NDF rate and the prevailing spot rate is made. This is essentially 2 days before the settlement day. settlement date (or delivery date): This is the day when the difference is paid or received. It is usually one or two business days after the fixing date.
Some examples of basis risks are: Treasury bill futures being hedged by two year bonds, there lies the risk of not fluctuating as desired. A foreign currency exchange rate (FX) hedge using a non-deliverable forward contract (NDF): the NDF fixing might vary substantially from the actual available spot rate on the market on fixing date.
For a trade with a time to expiry of v days, the expiry date is the day v days ahead of the horizon date (unless it is a weekend or 1 January, in which case the date is rolled forward to a weekday) and for a trade with time to expiry of x weeks, the expiry date is the day 7x days ahead of the horizon date (with the same conditions as above).
The IMM dates are the four quarterly dates of each year which certain money market and Foreign Exchange futures contracts and option contracts use as their scheduled maturity date or termination date. The dates are the third Wednesday of March, June, September and December (i.e., between the 15th and 21st, whichever such day is a Wednesday).
No fault found (NFF), no trouble found (NTF) or no defect found (NDF) are terms used in the field of maintenance, where a unit is removed from service following a complaint of a perceived fault by operators or an alarm from its BIT (built-in test) equipment. The unit is then checked, but no anomaly is detected by the maintainer.
The last modification date stamp (and with DELWATCH 2.0+ also the file deletion date stamp, and since DOS 7.0+ optionally also the last access date stamp and creation date stamp), are stored in the directory entry with the year represented as an unsigned seven bit number (0–127), relative to 1980, and thereby unable to indicate any dates in ...
Fixing involves looking up the reference value on the agreed date, recording, then computing a payment based on the rate. Fixing can often change the value of a financial instrument , and can be difficult to encode in the software models used to price such instruments.
To resolve this error, ensure that the date is an actual date and that the date format follows the Wikipedia Manual of Style's guidance on dates in the named parameter. See examples of unacceptable dates and how to fix them, below. Or, some conceptual issues to look for: impossible dates, such as 29 February 2011 (2011 was not a leap year)