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This determines the number of days between two coupon payments, thus calculating the amount transferred on payment dates and also the accrued interest for dates between payments. [1] The day count is also used to quantify periods of time when discounting a cash-flow to its present value. When a security such as a bond is sold between interest ...
The Global Positioning System (GPS) broadcasts a date, including a week number counter that is stored in only ten binary digits, whose range is therefore 0–1,023. After 1,023, an integer overflow causes the internal value to roll over, changing to zero again. Software that is not coded to anticipate the rollover to zero may stop working or ...
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).
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Using as an example the Long Count date of 9.10.11.17.0 (Long Count date mentioned on the Palenque Palace Tablet), first calculate the number of days that have passed since the zero date (August 11, 3114 BCE; GMT correlation, in the Proleptic Gregorian calendar, September 6, −3113 Julian astronomical).
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In finance, date rolling occurs when a payment day or date used to calculate accrued interest falls on a holiday, according to a given business calendar. In this case, the date is moved forward or backward in time such that it falls in a business day, according to the same business calendar. The choice of the date rolling rule is conventional.
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