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cnmb_al_b

cnmb_al_b (routine)

Canadian mortgage backed security - calculates average life with balloon payment

Introduced in release: 1.391
Component: Non-US (developed mkts)
Purpose: Calculates average life for a Canadian mortgage backed security with a balloon payment. It uses as input the monthly principal payments.

Notes: This routine takes as input cash flows which may be calculated using cnmb_gtbls_b

Results: The result is returned as the value of the function, accurate to as many places as supported by a double precision value.

Error Conditions: Returned values should be ignored for a non-zero status. See Errors.

Last Mod Date: 07/23/1999© 2001 TIPS, Inc.Doc Version: 5.0