On Pmt Delay

Key On Pmt Delay in Contingent Claim refers to an optional date that becomes relevant only if the trigger function Trigger Fn evaluates to TRUE during a particular simulation run.
In that latter case, the amount returned by the payoff function defined through the key On Pmt Fn is paid by default when that function is valuated, which is the time implied by the entries On Pmt Val Delay and On Pmt Val Date.
It is possible though to postpone the payment to a latter time by one of two alternative ways:
1)By adding the time interval defined here to the payoff function's valuation time.
2)By specifying the payment time directly through the key On Pmt Date.
Expects an optional object of type Period.
Note that not both of these two specifications above may be used simultaneously.
If none of them is used, the payment is made at the payoff valuation time, as mentioned above.