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Welcome to the FIS Treasury and Risk Manager - Quantum Edition Aha! Ideas Portal.

By visiting this portal, you will be able to contribute towards the evolution of the Quantum solution through interactions with other Quantum users, FIS trusted partners and FIS staff from around the world. Each Portal User receives 5 votes. Each user is allowed 1 vote per idea. Votes are reset when an idea is in a final state i.e. Shipped (delivered in the product).

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Status Needs review
Created by Luca Restagno
Created on Oct 14, 2024

RELATED IDEAS

Analytics to compound on business days

Currently, Analytics compounds projected interest using always calendar days, regardless the business days convention of the deal. Although the difference is minimal, it would be sensible to use the correct calculation aligned with the business day convention as all data required is available in the system.

  • Attach files
  • Luca Restagno
    Reply
    |     Nov 18, 2024

    Overnight index formula. As said, the difference is minimal. However, since the system already had all the data, why not leveraging it? It seems an unnecessary complication.

  • Admin
    Mark Zumbraegel
    Reply
    |     Nov 15, 2024

    Is this request related to overnight index formula deals or standard yield periodic (vanilla floating)? In the latter case the compounding points are based on the deal schedule which is adjusted based on the NBD convention. But the differences can be so small as to be immaterial to the final projected interest amount. Perhaps an example deal and valuation would be useful as an attachment to this request.