Constant Rate Market family
| Constant Rate Projections category | Home |
Project a constant rate that determines its level with reference to a market forecast.
| Component | What the name means |
|---|---|
| ConGrowMkt | Project a constant rate that periodically reviews to a market rate prevailing at the time |
| ConFcstMkt | Project a constant rate that periodically reviews to a forecast prevailing at the time |
| ConFcstGrowMkt | Project a constant rate that periodically reviews to a forecast prevailing at the time, and also apply growth |
The Constant Rate Market family deals with constant rate projections where the rate is not strictly speaking constant, but changes at regular time intervals (denoted by ØReviewMonthsØ) with respect to a forecast which runs in the background, so to speak.
- Both the Grow and Mkt features are added to create ConGrowMkt. The addition of the Mkt feature means that after a certain date ¥FirstRevDate¥ the function reviews to a market value, rather than changing the initial rate as in ConGrow. Apart from this, they are similar to ConGrow.
- The Fcst and Mkt features are added to create ConFcstMkt. This applies a constant rate, according to values specified in a forecast. The addition of the Mkt feature means that after a certain date ¥FirstRevDate¥ it reviews according to a forecast and has a variable called ¥ReviewMonths¥ which governs how often the rate changes.