Date rolling

In finance, date rolling occurs when a payment day or date used to calculate accrued interest falls on a holiday, according to a given business calendar. In this case the date is moved forward or backward in time such that it falls in a business day, according with the same business calendar. The choice of the date rolling rule is conventional. Conventional rules used in finance are:

Date rolling

In finance, date rolling occurs when a payment day or date used to calculate accrued interest falls on a holiday, according to a given business calendar. In this case the date is moved forward or backward in time such that it falls in a business day, according with the same business calendar. The choice of the date rolling rule is conventional. Conventional rules used in finance are: