Maple Professional
Maple Academic
Maple Student Edition
Maple Personal Edition
Maple Player
Maple Player for iPad
MapleSim Professional
MapleSim Academic
Maple T.A. - Testing & Assessment
Maple T.A. MAA Placement Test Suite
Möbius - Online Courseware
Machine Design / Industrial Automation
Aerospace
Vehicle Engineering
Robotics
Power Industries
System Simulation and Analysis
Model development for HIL
Plant Modeling for Control Design
Robotics/Motion Control/Mechatronics
Other Application Areas
Mathematics Education
Engineering Education
High Schools & Two-Year Colleges
Testing & Assessment
Students
Financial Modeling
Operations Research
High Performance Computing
Physics
Live Webinars
Recorded Webinars
Upcoming Events
MaplePrimes
Maplesoft Blog
Maplesoft Membership
Maple Ambassador Program
MapleCloud
Technical Whitepapers
E-Mail Newsletters
Maple Books
Math Matters
Application Center
MapleSim Model Gallery
User Case Studies
Exploring Engineering Fundamentals
Teaching Concepts with Maple
Maplesoft Welcome Center
Teacher Resource Center
Student Help Center
Finance[FairRate] - return the fair rate of an interest rate swap
Calling Sequence
FairRate(swap, discountrate)
Parameters
swap
-
swap data structure; interest rate swap
discount
non-negative constant of a yield term structure; discount rate
Description
The FairRate command returns the fair rate of the given interest rate swap.
Compatibility
The Finance[FairRate] command was introduced in Maple 15.
For more information on Maple 15 changes, see Updates in Maple 15.
Examples
Consider two payment schedules. The first one consists of payments of 5% of the nominal every month between January 3, 2008 and January 3, 2018. The second one consists of payments of 3% of the nominal every quarter between January 3, 2010 and January 3, 2015.
Consider two simple swaps that exchange the first set of payments with the second set.
Consider the same simple swaps that use the fair rate.
See Also
Finance[CompoundFactor], Finance[DiscountFactor], Finance[FixedRateCoupon], Finance[InArrearIndexedCoupon], Finance[ParCoupon], Finance[SimpleCashFlow], Finance[UpFrontIndexedCoupon], Finance[ZeroCurve]
Download Help Document
