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Subject: [OASIS Issue Tracker] Updated: (OFFICE-2224) TBILLEQ: add formula,needs better description
[ http://tools.oasis-open.org/issues/browse/OFFICE-2224?page=com.atlassian.jira.plugin.system.issuetabpanels:all-tabpanel ]
Eike Rathke updated OFFICE-2224:
--------------------------------
Proposal:
Add to Semantics:
TBILLEQ is calculated as
TBILLEQ = (365 * rate) / (360 - (rate * DSM))
where DSM is the number of days between settlement and maturity computed according to the 360 days per year basis.
If no one comes up with a clarification for "bond-equivalent yield for a treasury bill", leave it as is.
> TBILLEQ: add formula, needs better description
> ----------------------------------------------
>
> Key: OFFICE-2224
> URL: http://tools.oasis-open.org/issues/browse/OFFICE-2224
> Project: OASIS Open Document Format for Office Applications (OpenDocument) TC
> Issue Type: Sub-task
> Components: OpenFormula
> Affects Versions: ODF 1.2
> Reporter: Eike Rathke
> Assignee: Eike Rathke
> Fix For: ODF 1.2
>
>
> Broken out from OFFICE-916
> TBILLEQ
> - Excel gives the formula:
> "TBILLEQ is calculated as TBILLEQ = (365 x rate)/360-(rate x DSM), where DSM
> is the number of days between settlement and maturity computed according to
> the 360 days per year basis."
> That's wrong - should be (365 x rate)/[360-(rate x DSM)]. Also: using the
> 360 day year is vital information which needs to be included.
> [ed:] TODO: add formula.
> - "bond-equivalent yield for a treasury bill" is probably lifted from Excel's
> Help, and comes across as jargon; needs more explanation, especially for
> non-US people.
> [ed:] TODO: any native English speaker knowledgeable in that domain?
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