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add principal redemption amount (PRNXT) calculation convention #24

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nbundi opened this issue Nov 15, 2019 · 1 comment
Open

add principal redemption amount (PRNXT) calculation convention #24

nbundi opened this issue Nov 15, 2019 · 1 comment

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@nbundi
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nbundi commented Nov 15, 2019

currently principal redemption amount calculation is a fixed formula (A). replace through convention such that different formulas can be used.

requires:

  • PRACC term: Principal Redemption Amount Calculation Convention
  • PRACC Enums: (continuous, discrete, )
  • PRACC discrete implementation: current function A
  • PRACC continuous implementation: simplified function
@nbundi
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nbundi commented Nov 15, 2019

in order to be consistent, we should also rename Next Principal Redemption Payment -> Principal Redemption Amount

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