View Single Post
Old 27-10-2018, 08:07 PM   #3855
jeremysv
Master Member
 
jeremysv's Avatar
 
Join Date: Sep 2001
Posts: 4,047
The FAQ under the Maxigain website has a detailed example. Perhaps you should read it first.
Thanks for pointing it out!



So its calculation 1 assuming sibor remains constant at 1% monthly for simplicity. Monthly rate refers to the number of days in the month / 365 [shown under Month 2 (Feb) as 28/365 in the example from Citibank website faq picture above]
__________________
Researching OEMs since Apr 2018 - PM me to get yourself up to speed and decide for yourself

Last edited by jeremysv; 27-10-2018 at 08:49 PM..
jeremysv is offline   Reply With Quote