Re: [Quantlib-dev] Schedule: is this expected?

[Luigi B. <lui...@gm...>]

On Mon, 2011-02-07 at 17:16 -0500, Luca Billi wrote:
> this code:
> 
> Schedule schedule(Date(30, Sep, 2010),
>                             Date(28, Feb, 2011),
>                             1*Months,
>                             TARGET(),
>                             Following,
>                             Following,
>                             DateGeneration::Backward,
>                             true);
> 
> generates these dates:
> 
> 2010-09-30
> 2010-10-29     <----- Here I'd have expected 2010-11-01 instead
> 2010-11-30
> 2010-12-31
> 2011-01-31
> 2011-02-28
> 
> When endOfMonth == true, Following doesn't apply but rather ModifiedFollowing.
> Is this the intended behavior?

End-of-month says that the schedule should generate dates on the last
business day of the month, and as such overrides business-day
convention.

Luigi


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