Principal+Interest


Principal+Interest is a direct subtype of Contingent Payoff
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with functions Principal+Interest Functions and example object Principal+Int#2

TYPE INCLUSION RELATIONSHIPS

Contingent Payoff

Principal+Interest

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AVAILABLE FUNCTIONS

Create

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TYPICAL OBJECTS OF TYPE Principal+Interest

Principal+Int

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This type represents the payment of a unit principal plus any accumulated interest in the context of a Structured Product
It represents the payment of an amount per unit notional that is independent of the observed market prices of the relevant underlyings but depends on a stipulated interest rate as well as the observation time t relative to which the accrual interest is calculated.
Note that both the observation time t and the time of the settlement are controlled by the applicable Structured Product and not defined here.