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Interpolation tool |
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How to open•Click on i.e. a mortgage bond > A curve chart will open > Click on Interpolation. •Interpolation The default interpolation method is cubic splines, with constraints to ensure monotonicity, and overshooting minimisation. The output is the annualized rate for the selected date.•Curve Select the curve to interpolate•Maturity Select the desired broken dates•Discount factors Displays the discount factors for the selected dates•Cashflow input Add the scheduled cashflows to calculate the present or future value•Present and Future Value The sum of the inserted cashflows is displayed at the bottom of the window. Calculations are performed in continuous time (i.e. not discrete). |