How are you?
I am in a projetc of TRM, with a product of Money Market. It corresponds
aa "Interest Rate Instrument ". It has 2 taxes, one is Act/252 and another is
spread (act 360). It was configured a sum with those two taxes called equivalent Tax.
When we execute the product, the tax of Fridays are calulated in the Saturday, but this cant
occur, because it is a tax with a calendar act 252. I think that happens because the
sum of a product with a calendar act 252 with a product with a calendar act 360.
It was used a formula to calculate the equivalent tax: 5,914523 +(<CDIE> *(1+5,914523 /100))
Spread = 5,914523 per year.
CDIE equivlent tax
Did you have a problem like this?
Can you help me, please?
Thanks in advance,
Cristina.