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BONDPRO.HLP
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1992-07-24
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* BONDPRO
0
0 BONDPRO computes yield to call and yield to maturity of bonds for bond
0 swap evaluation.
0
0 BONDPRO has two basic data entry formats. The "Bond" format is used to
0 enter, edit, and store bond records. These can later be accessed for using
0 in swap comparisons. The "Swap" format is used for evaluating a particular
0 swap. It includes client-specific data as well as bond data.
0
0 To get started, select "Bonds" when you return to BONDPRO's main menu.
0 You will be prompted for a bond file name. The default name is "BONDS.STD".
0 Hit the enter key to load. Bond records will display with available command
0 keys at the top of the screen. Try the keys. For help key "Alt+H" (Hold
0 down "Alt" key, then strike "H" key).
0
0 Exit "Bonds" using the "Esc" key. Now select "Swap". Two bond records
0 are displayed for swap comparison. Try the keys. Note that a new bond
0 may be loaded into each record from the bond file by using the "Page"
0 keys to allow you to rapidly compare multiple bonds.
0
* Bond Command Keys
1
1 Esc - Return to main menu.
1 PgUp, PgDn - Pages backward and forward thru bond records.
1 ^PgUp,^PgDn - (^ = Ctl) Goes to first and last bond records.
1 Ins, Del - Insert / Delete bond records.
1
1 Alt+F - File save, load & directory functions.
1 Alt+S - Sort bond records by symbol
1 Alt+P - Print bond records
1 Alt+D - toggle between Display formats.
1 Alt+I - Print Income Report (requires 132 characters width)
1 Alt+Q - Quote price retrieval/Imports specs from master sec. list
1 Alt+X - eXports bond specs to master sec. list
1 Alt+Y - computes & displays Yield to call/maturity (Display "D")
1
* Bond Spec Display "A"
1
1 Symbol - Bond trading symbol
1 Descrip - Bond Description field
1 Buy Date - Purch. Date (if held)
1 Units - Units Held (if held)
1 Cost/Unit - Cost including commis. cost (if held)
1 Amount - Computed Tot. Cost
1 $Int/Yr - Annual bond interest payment on single bond
1 Pmt Mos/Day- Months & Day of int. pmts., e.g. 1,7/15
1 (use "*/15" for monthly pmts.)
1 Mkt Price - Current Market Ask price
1 Cur Yld - Computed yield
1
* Bond Spec Display "B"
1
1 T - Tax Status (Y=Taxable, N=Non)
1 Call #1 - Date of first call (use date format in title)
1 Amount1 - Call price of first call
1 Call #2 - Date of second call
1 Amount2 - Call price of second call
1 Maturity - Maturity date
1 Amount3 - Maturity redemption price
1
* Bond Swap Command Keys
2
2 Esc - Return to main menu
2 Arws - Moves highlighted edit block
2 PgUp, PgDn - Loads records from currently loaded bond file into the
2 swap record occupied by the edit cursor
2 ^PgUp,^PgDn - Loads first/last bond file record into swap record
2
2 Alt+F - File save, load & directory functions
2 Alt+C - Calculates value in current record field, if applicable
2 Alt+Y - computes Yield to redemption on bond
2 Alt+P - Print swap record.
2 Alt+A - Toggle "AutoCalc" Status
2 Alt+T - Toggles transactions type between "Buy" & "Sell"
2 Alt+Q - Quote price retrieval from Price records (PRICES.STD)
2 Imports bonds specs from master security list.
* Bond Swap Edit Fields (one per bond)
2
2 Date - Swap date. Use Alt+C to set to current date.
2 Qty - Number of bonds in swap transaction
2 Sell, Buy - Bond descriptions
2 Taxable - Tax status
2 Rate - Applicable tax rate
2 Pmt Mons/Day - Payment dates, e.g. 3,9/15. (Use "*/15" for monthly pmt)
2 $/Yr - Annual interest payment
2 Call Dates - Call dates (use date format in title)
2 Call Amount - Call price
2 Maturity Date - Maturity date
2 Maturity Amt - Maturity redemption price
2 Purch. Date - Date bond purchased. (sell only)
2 Cost - Purchase cost basis (sell only)
2 Current Price - Bid Price (Sell bond), Ask Price (Buy bond)
2 Commis - Commission/bond on transaction (Alt+C computes)
2 Accrued Int. - Interest accrued since last payment (Alt+C computes)
2 CGTax - Cap. gains tax due on sale (sell only, Alt+C computes)
2
* Computed Swap Fields (one per bond)
2
2 Discount Rate - Defaults to compounded current yield.
2 Manual input with AutoCalc=Off
2 Call # PV 2 - Present value to call.
2 Call Y.T.R. - Call yield to redemption.
2 Maturity P.V. - Present value to maturity.
2 Mat. Y.T.R. - Yield to maturity.
2
2 F/C Yld to Redemption - Selected as the lowest Y.T.R.
2 Tax on Int. & Gains - Reduction in yield due to taxes
2 Net Yld to Redemption - F/C YTR less Tax on I&G
2 Swap NPV/Unit - Swap value per bond, normalized to Bond A
2 Total - Total swap value
2
* Bond Swap Defaults (assigned to new bond records)
3
3 Default Tax Rate - Marginal tax rate to user on bond (%)
3 Cap. Gains Rate - Capital gains rate in effect at time bond matures (%)
3 C. G. Hold Reqt - Hold reqt (months) to obtain Cap. gains discount
3 Per Bond Commis - Maximum commission per bond ($)
3 Max. Commis Rate - Maximum percentage commission rate (%)
3 Transaction Min. - Minimum transaction commmission ($)
3 Default Swap Qty - Units, where Qty * Price=Total Value
3 e.g. if "Par Price"=100, a $10000 bond has 100 units
3 Default Discount - Used to compute NPV on Zero Coupon Bonds
3 Automatic Calc - If "On", accrued interest, commission and c.g. tax are
3 recalculated when "Yield Calc" command executed.
3 Accrual Days/Yr - Days/yr (360 or 365 used to compute accrued int.)
* CAPTOOL Configurations (apply across all CAPTOOL modules)
3
3 Work File Path - Specifies disk drive/directory to be used for temporary
3 storage/retrieval of records when DOS base RAM memory is
3 full. Fastest operation is achieved with RAM disk.
3 System Sound - Enables/Disables prompt "beep".
3 Mono HiVideo - Sets "Hi" & "Reverse" video for monochrome displays.
3 Block Cursor - Enables Block cursor for LCD displays.
3 Date Feed - Duplicates prior date when new record created.
3 File Backup - Enables/Disables creation of "$" backup files.
3 Base Currency - Symbol of base currency used for Bondpro.
3 Decimal Type - Either "." or "," decimal notation.
3 Amt Dcmls - Decimal places (0..4) displayed for "Amount" values.
3 Date Format - Date display format (Mo/Dy/Yr, Dy-Mo-Yr, Yr.Mo.Dy)
3 (do not alter century base year)
* Bond Yield to Maturity (Display "D")
4
4 F/C Call - Forecast "Call" date. This may be the maturity date.
4 (if blank, e.g. " / / " , bond has already matured).
4 Call Prc - Call price on forecast date. This may be maturity price.
4 YTC/YTM % - Yield to Call or Yield to Maturity. (see note below).
4 Tax % - Estimated reduction in yield due to taxes on interest.
4 Net YTM% - Net after-tax Yield to Call or Yield to Maturity.
4
4 Note: A yield to call is reported in lieu of yield to maturity only if
4 yield to call is less than yield to maturity. YTC/YTM are computed
4 on this screen without factoring in commissions or capital gains taxes
4 (in cases where bond is currently held) and therefore will differ some-
4 what from YTC/YTM computed on the bond-swap screen.
*