Defining Bond Defaults

Bond Defaults represent templates dedicated to help you when you create a new Bond Product. It allows the users to display fields in the Bond definition. The explanation of the fields is given below.

You can create Bonds Defaults using Configuration > Fixed Income > Default from the Calypso Navigator.

Note that you can also specify bond templates from the Bond Product window.

The following fields should be carefully set up, as they will have an impact on accrual and payment computation. All the other values are explained in the next section concerning Bond definition.

See Bond Product Definition for details.

Contents

- Fields Details

- Sample Bond UST Setup

1. Fields Details

Bond Default

Fields	Description
Face Value	Used to compute the coupon payment and accrual.
Coupon Rounding	Used to round the coupon payment amount. The number of decimals you need to set may depend on the Face Value amount.
Accrual Rounding	Used to round the accrual. The value to set up depends on the Face Value specified. If you set up an accrual rounding of 5, accrual will be computed with a 5 decimals precision. You may choose to modify the value based on the market practice on each bond.

Defining Bond Defaults

1. Fields Details

2. Sample Bond UST Setup

2.1 Issue Panel

2.2 Coupon Detail Panel

2.3 Rounding Rule Panel