CAS 6


nra
- Financial

Summary

Compute Next Rate Adjustment Date given any rate adjustment date as a reference point, an 'As Of Date', and a rate adjustment period.

Description

NOTE: If the left argument is 1 and the anchor date (FRADATE) is not on the first, it is automatically set to the first of the FOLLOWING month.

Therefore, all results will be on the first of the month, and any days in the PTDATE date are irrelevant.

Examples

nra FRADATE PTDATE RFREQ
nra NRADATE PTDATE FREQ
nra 19970101 19970401 6
nra 19970101 19970701 6
nra 19970115 19970701 6
nra 19970115 19970718 6
1 nra 19970101 19970401 6
1 nra 19970101 19970701 6
1 nra 19970115 19970701 6

Syntax

(Adjustment) nra RateAdjDate AsOfDate Freq

Left Arguments

Name Data Type Input Type Description Optional Default
Adjustment Boolean Field, Constant 0=Result is same day as the rate adjustment date;,1 =Force result to first of following month No

Right Arguments

Name Data Type Input Type Description Optional Default
RateAdjDate Date Field, Constant Rate Adjustment Date No
AsOfDate Date Field, Constant No
Freq Numeric Field, Constant Frequency in months No

Result

Type: Date

Next Rate Adjustment Date



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