Hi SAP colleagues,
Would any of you be able to help me on the following question?
I have a NPV calculation question on how ZBDF (Zero Base Discount Factor) is calculated via JBRX in the example below where interest term in concern is longer than 1 year.
Annual base days - 365
Interest Days - 441
ParCoupon - 3.0789598
Zero Coupon - 3.0854654
ZBDF - 0.963950215
ji = annual days of year
in according to 'a' of the interest method
bi = annual base days of term ZBAFi according to 'b' of the interest method
ZBAFkum(i+1) = ZBAF1*(j1/b1) + ZBAF2*(j2/b2) + ... + ZBAFi*(ji/bi)
For d > 1 year: ZBAFt = 1 / ( 1 + Pt * ( d - dt ) / bt ) * ( 1 - Pt * ZBAFkum )
My issue is that I cannot figure out how the system calculation of ZBDF for 441 days at 0.963950215.
Would you please help?