## Flat Rate

Key

**in Yield Curve refers to the flat zero rate**

*Flat Rate***associated with this curve.**

*r*Enter

**for a**

*.04***rate.**

*'4 % '*Here the rate

**assumes the daycount and compounding conventions defined in the entries TS_Daycount and Compounding respectively.**

*r*Concretely, the curve is built in such a way that it implies the same zero rate

**for any maturity, provided the daycount and compounding conventions are as above.**

*r*Note that setting a flat zero rate here does not mean that the implied zero rate with respect to differing daycount or compounding conventions is also flat!

Also note that the implied forward rate - even with respect to the same daycount or compounding conventions - will generally not be flat either.

An exception is when the compounding convention is set to continuous, in which case the continuous forward rate will also be flat.