Cumulative Discount Factor and Fiscal risk: Difference between pages

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''Financial maths''
The risk of adverse effects arising from changes in relevant tax law or practice.
 
(CDF or CumDF).
 
The Cumulative Discount Factor (CDF) is quoted for a defined number of periods, for example 10.
 
The CDF is the total of all of the individual discount factors, up to and including the last maturity (10 in this case).
 
 
When the periodic yield is equal for all the maturities in question, the CDF is the same as the annuity factor (AF).
 




== See also ==
== See also ==
* [[Annuity]]
* [[Legislative risk]]
* [[Annuity factor]]
* [[Tax]]
* [[CertFMM]]
* [[Discount factor]]
* [[Periodic yield]]
* [[Perpetuity factor]]
* [[Present value]]

Revision as of 21:36, 1 April 2016

The risk of adverse effects arising from changes in relevant tax law or practice.


See also

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