16.1.2 Computing Forward Dates

The application allows users to define forward dates in two ways: specification of fixed intervals and calendar selection of forwarding dates. If the forward dates have fixed intervals between them users can provide the fixed interval forward date parameters and the application will compute the actual forward dates. The process of specifying fixed interval forward date parameters is provided in section Run Management.

The application computes the forward dates based on the fixed interval parameters specified as part of the Run Management window as follows:

1. The first forward date is calculated as follows:

   Figure 16-1 Formula to calculate the first forward date

   
   

   

   
   

   Where,

   As of Date : FIC MIS Date

   First Forward Date Interval : Interval between the as of the date and the first forward date specified by the user

2. The subsequent forward dates are calculated as follows:

   Figure 16-2 Formula to calculate the subsequent forward date.

   
   

   

   
   

   Where,

   F + x : Each forward date after the first forward date (F

   + x) – x : Previous forward date

   x : Interval between each forward date that is, forward date frequency

   This calculation is performed until the application achieves the number of forwarding dates specified by you. This includes the first forward date that is, (Number of forwarding Dates – 1) times.

   The forward date calculation process is illustrated in the following table:

   Table 16-1 Example 1: Forward Date Calculation

   As of Date	January 30, 2015
   First Forward Date Interval (in days)	1
   Forward Date Frequency	1 month
   No. of Forward Calculations	3
   First Forward Date	January 30, 2015 +1 day = January 31, 2015
   	As of Date + First Forward Date Interval
   	January 31, 2015 + 1 month = February 28, 2015
   Second Forward Date	First Forward Date + Forward Date Frequency
   	February 28, 2015 + 1 month = March 31, 2015
   	Second Forward Date + Forward Date Frequency

   Table 16-2 Example 2: Forward Date Calculation

   As of Date	January 29, 2015
   First Forward Date Interval (in days)	1
   Forward Date Frequency	1 week
   No. of Forward Calculations	3
   First Forward Date	January 29, 2015 +1 day = January 30, 2015
   	As of Date + First Forward Date Interval
   Second Forward Date	January 30, 2015 + 1 week = February 6, 2015
   	First Forward Date + Forward Date Frequency
   Third Forward Date	February 6, 2015 + 1 week = February 13, 2015
   	Second Forward Date + Forward Date Frequency