A B C D E F G H I J K L M N    
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3 Business Days And Periods
4 n  Shows how the the fraction of year between dates is affected by Period days falling on holidays
5 n  Note that it is the movement of the period dates alone that causes the change, the two dates are not moved in this example.
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7 BusDay Business Functions
8 From Date To Date DayCount Periods Switch DiffY TpY Con LongHand
9    29 Feb 04  31 Dec 04   6   +12       0.834 years   0.834 years   0.834 years   0.834 years  
10    29 Feb 04  31 Dec 04   6    -12       0.834 years   0.834 years   0.834 years   0.834 years  
11                  
12    29 Feb 04  31 Dec 04   6   +12   20     0.829 years   0.829 years   0.829 years   0.829 years  Weekend extends last period 2 days. First period unnaffected.
13    29 Feb 04  31 Dec 04   6    -12   20     0.829 years   0.829 years   0.829 years   0.829 years  Weekend extends last period 2 days. First period unnaffected.
14                  
15    29 Feb 04  31 Dec 04   6   +12   100     0.827 years   0.827 years   0.827 years   0.827 years  Weekend and New Year extends last period 3 days. First period unnaffected.
16    29 Feb 04  31 Dec 04   6    -12   100     0.827 years   0.827 years   0.827 years   0.827 years  Weekend and New Year extends last period 3 days. First period unnaffected.
17                  
18    29 Feb 04  31 Dec 04   6   +12   200     0.829 years   0.829 years   0.829 years   0.829 years  Weekend extends last period 2 days. First period unnaffected.
19    29 Feb 04  31 Dec 04   6    -12   200     0.829 years   0.829 years   0.829 years   0.829 years  Weekend extends last period 2 days. First period unnaffected.
20                  
21 BusDaySwitch
22   20  in advance, monthly (first day of month) Plain Business Days: Weekends only excluded
23   100  in advance, monthly (first day of month) UK Business Days (National): UK National Bank Holidays and weekends excluded. See List of Holidays
24   200  in arrear, monthly (1 Jan payment of Dec accrual, etc) USA Business Days: US New York Stock Exchange Holidays and weekends excluded
25 DayCount
26   6 Actual/Actual (Within Period).
27
28 BusDaySwitch   20   100   200
29  1 Feb 04 Sunday Weekend  Weekend  Weekend 
30  2 Feb 04 Monday
31  29 Feb 04 Sunday Weekend  Weekend  Weekend 
32  1 Mar 04 Monday
33  1 Apr 04 Thursday
34  1 May 04 Saturday Weekend  Weekend  Weekend 
35  2 May 04 Sunday Weekend  Weekend  Weekend 
36  3 May 04 Monday May Day (UK National) 
37  4 May 04 Tuesday
38  1 Jun 04 Tuesday
39  1 Jul 04 Thursday
40  1 Aug 04 Sunday Weekend  Weekend  Weekend 
41  2 Aug 04 Monday
42  1 Sep 04 Wednesday
43  1 Oct 04 Friday
44  1 Nov 04 Monday
45  1 Dec 04 Wednesday
46  31 Dec 04 Friday
47  1 Jan 05 Saturday Weekend  Weekend  Weekend 
48  2 Jan 05 Sunday Weekend  Weekend  Weekend 
49  3 Jan 05 Monday New Years Day (UK National) 
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