Package com.imsl.finance

Financial computations.

See: Description

Interface Summary

Interface	Description
BasisPart	Component of DayCountBasis.

Class Summary

Class	Description
Bond	Collection of bond functions.
DayCountBasis	The Day Count Basis.
Finance	Collection of finance functions.

Package com.imsl.finance Description

Financial computations.

Users can perform financial computations by using pre-defined data types. Most of the financial functions require one or more of the following:

• Date
• Number of payments per year
• A variable to indicate when payments are due
• Day count basis

The Bond class provides constants to indicate the number of payments for each year.

Class member	Meaning
Bond.ANNUAL	One payment per year (Annual payment)
Bond.SEMIANNUAL	Two payments per year (Semi-annual payment)
Bond.QUARTERLY	Four payments per year (Quarterly payment)

The Finance class provides constants to indicate when payments are due.

Class member	Meaning
Finance.AT_END_OF_PERIOD	Payments are due at the end of the period
Finance.AT_BEGINNING_OF_PERIOD	Payments are due at the beginning of the period

The DayCountBasis class provides constants to indicate the type of day count basis. Day count basis is the method for computing the number of days between two dates.

Class member	Day count basis
DayCountBasis.BasisNASD	US (NASD) 30/360
DayCountBasis.BasisActualActual	Actual/Actual
DayCountBasis.BasisActual360	Actual/360
DayCountBasis.BasisActual365	Actual/365
DayCountBasis.Basis30e360	European 30/360

Additional Information

In preparing the finance and bond functions we incorporated standards used by SIA Standard Securities Calculation Methods.

More detailed information on finance and bond functionality can be found in the following manuals:

• SIA Standard Securities Calculation Methods 1993, vols. 1 and 2, Third Edition
• Microsoft Excel 5, Worksheet Function Reference.