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JBRX Interest ParCoupon Rate calculation

Hi all,

Would any of you be able to explain the detailed calculation logic of Interest ParCoupon Rate calculation in JBRX transaction for Securities.

We have interest curves (Par-rate type) with Read Back procedure and execute it as key date = 31.03.2017, it shows a rate of 1.6600348 for all the dates in the Detailed log

I know there is an OSS note: 184062 Interpolation of yield and trying to understand embedded formula, but not able to work out how the calculation is actually being done.

Thanks in advance

Taro

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