Re: [Quantlib-dev] [QuantLib-svn] SF.net SVN: quantlib:[16177]trunk/QuantLib

[<s.i...@gm...>]

I'd agree that simplifying the bond class into bond "amount" and number of bonds (separate to Quantlib) is useful... However, calling it "faceAmount" doesn't work for me... We normally talk about an amortizing (or accreting) "notional" - not a "face amount".

Can anyone think of a better term?
What does Bloomberg use for it's schedules?

------Original Message------
From: Ferdinando Ametrano
To: lui...@gm...
Cc: qua...@li...
Sent: Apr 20, 2009 17:22
Subject: Re: [Quantlib-dev] [QuantLib-svn] SF.net SVN: quantlib:[16177]trunk/QuantLib

On Mon, Apr 20, 2009 at 6:00 PM, Luigi Ballabio
<lui...@gm...> wrote:
> Are you telling me we're using the wrong term and we should use
> faceAmount instead of notional?

yes I am.

Here's my 0.02€: the face amount is the bond's nominal outstanding
debt which will be redeemed at maturity (or during bond's life for
amortizing bonds). The notional of a bond is the face amount times
number of bonds.

ciao -- Nando

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