5.2.2.1.8 Rate Lookup Behavior between Effective Dates

When you are looking up rates from Rate Management for a business date, the Cash Flow Engine helps to find if there is no rate data for that specific business date.

For example, in generating an original term transfer rate for an instrument with an origination date of June 14, 2010, the Cash Flow Engine may find rate data for May 31, 2010, and for June 30, 2010, but no rate data for any dates between May 31, 2010, and for June 30, 2010. In such cases, the Cash Flow Engine always falls back to the latest available rate data before the business date of interest (May 31, 2010, in this case).