Floating rate notes

[mfmelb]

Hi Mark,

Can the software handle floating rate notes type of bonds?

Thanks

matt

[Mark]

Hi Matt,

You can track them, but there are no specific features for updating their interest rate. You can just record/retrieve the interest payments as they happen. The feature that shows your upcoming expected interest schedule won't be accurate, unless you periodically go in and change the assigned coupon rate property of that bond.