Versions Compared

Key

  • This line was added.
  • This line was removed.
  • Formatting was changed.

...

The council is very interested in our working on a demonstration using the Mizuho content, and will see MakoLab has the bandwidth to create a user interface on top of Stardog / Cambridge Semantics.

Notes from John Nowlin on discount notional:  

As per your request regarding discount notional amount definition; for interest rate swaps where the contract states that discounting is applicable, a discount rate and discount rate day count fraction are specified.  When calculating payments for such a swap a discounted notional amount is used where
 
Discounted Notional Amount = Notional Amount /( 1 + (Discount Rate X Discount Rate Day Count fraction))

Also, from last week, John Gemski sent some additional links on Interest Rate Swaps: 

https://www.wallstreetmojo.com/interest-rate-swap-curve/ - gives an easy to follow example

https://www.citibank.co.kr/cgrp_pjt/jsp/en/fed/fed040030v.jsp?gnbname=fed – gives Citibank’s explanation of interest rate swaps

Note that in both examples they use the term Notional Amount which is the amount that is swapped.

Decisions:

Action items

  •