A	B	C	D	E	F	G	H	I	J	K	L	M	N
2
3		How Cash Periods Work
4							Base	Start	Finish	Rate
5		n  Uses Con					3 months	1 Jan 01	1 Jan 02	1000
6
7		Example 1: Payment Periods Fall On Timeperiod Dates
8					1 Aug 00	1 Nov 00	1 Feb 01	1 May 01	1 Aug 01	1 Nov 01	Total
9			DayCount	Periods
10		Accruals				83	250	250	250	167	1,000
11
12		Cash				250	250	250	250		1,000
13
14		LongHand:				250	250	250	250		1,000
15						1 Jan 00	1 Apr 01	1 Jul 01	1 Oct 01
16		Example 2: Arrears vs Advance
17
18			DayCount	Periods
19		Accruals		4		83	250	250	250	167	1,000
20
21		Cash		-4			250	250	250	250	1,000
22
23		LongHand:					250	250	250	250	1,000
24							31 Mar 01	30 Jun 01	30 Sep 01	31 Dec 01
25		Example 3: Payment Periods fall inbetween Timeperiod Dates
26
27			DayCount	Periods
28		Accruals	6	1.15		85	247	252	250	166	1,000
29				4.15
30				7.15
31				10.15
32
33			DayCount	Periods
34		Cash	6	1.15		288	250	250	212		1,000
35				4.15
36				7.15
37				10.15
38		LongHand:				288	250	250	212		1,000
39				From:		15 Oct 00	15 Apr 01	15 Jul 01	15 Oct 01
40				To:		15 Jan 01	15 Jul 01	15 Oct 01	15 Jan 02
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