Open outcry and Periodic: Difference between pages

Revision as of 16:06, 19 November 2015

An amount, usually expressed in percentage or decimal terms, applied as a proportionate amount per period, rather than per annum.

In relation to periodic yields (r):

r = R x days / year

Where:

r = periodic yield

R = nominal annual yield

days = actual number of days in the period under review

year = number of days in a conventional year

Example

Interest is quoted at a market rate of 4% in USD, for 90 days maturity.

R = nominal annual yield = 0.04 (= 4%)

days = actual number of days in the period under review = 90

year = number of days in a conventional year = 360 for USD

Periodic yield = 0.04 x 90 / 360

= 0.01 (= 1%)

This is the periodic yield per 90 days in USD.

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-A kind of auction system used by market traders under which all bids and offers are made openly by public, competitive outcry with the use of hand signals.
+An amount, usually expressed in percentage or decimal terms, applied as a proportionate amount per period, rather than per annum.
+In relation to periodic yields (r):
+r = R x days / year
+''Where:''
+r = periodic yield
+R = nominal annual yield
+days = actual number of days in the period under review
+year = number of days in a conventional year
+<span style="color:#4B0082">'''Example'''</span>
+Interest is quoted at a market rate of 4% in USD, for 90 days maturity.
+R = nominal annual yield = 0.04 (= 4%)
+days = actual number of days in the period under review = 90
+year = number of days in a conventional year = 360 for USD
+Periodic yield = 0.04 x 90 / 360
+= 0.01 (= 1%)
+''This is the periodic yield per 90 days in USD.''
 == See also ==
-* [[Automated pit trading]]  (APT)
+* [[ACT/360]]
-* [[Big Bang]]
+* [[ACT/365]]
-* [[Dutch auction]]
+* [[Conventional year]]
-* [[LME]]
+* [[Discount rate]]
+* [[Nominal annual rate]]
-[[Category:The_business_context]]
+* [[Rate of return]]
-[[Category:Financial_products_and_markets]]