Fxd Rate Bond


Fxd Rate Bond is a
direct subtype of Bond with functions Fxd Rate Bond Functions, direct subtypes Fxd Rate Bond subtypes, keys Fxd Rate Bond keys and example object FxdBnd that represents a specialization where each coupon is determined by a predefined constant interest rate.
Each fixed payment equals NrΔt, where r is the applicable rate determined by the predefined constant rates, N is the applicable notional and Δt is the length of the respective accrual period.
All cash flows are denominated in the same currency.