ImpYC Forc

ImpYC Forc is a direct subtype of ImpYC

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with functions ImpYC Forc Functions, keys ImpYC Forc keys and example object ImpYCForc

TYPE INCLUSION RELATIONSHIPS

AVAILABLE FUNCTIONS

AVAILABLE CREATE FUNCTION KEYS

TYPICAL OBJECTS OF TYPE ImpYC Forc

This type represents the input data required to build a forecasting curve (i.e. an object of type Yield Curve), referred to as TARGET CURVE below, in a given currency that is implied by known market rates and a discounting curve in the same currency.

Web blog example here

Technically, the TARGET CURVE is created by feeding an object of the ImpYC Forc type as value next to the key Market Data in the formula that creates the TARGET CURVE

The known discounting curve is usually considered to be "riskless" and is used to discount collateralized cash flows denominated in the respective currency.
It is typically an OIS curve, produced by market data represented through an object of type Yield Curve Ois
The TARGET CURVE is needed to calculate the forward fixings of those interest rates that are encountered in the known market rates.
Then these forward fixings should be used in the calculation (forecasting) of future floating cash flows that are collateralized in an account represented by the known discounting curve.