Need a variable spread rate for interest calculation in Treasury Money Market
Jun 15, 2017 at 02:07 AM|84 Views
Hi Experts,
We would like to calculate interest by using variable interest rate+ applicable spread on principal amount. I have an idea on how to use variable interest rate and one time spread rate. We need to use variable spread rate (dynamic spread rate) for calculating interest.
Example- Ref.interest rate LIBORUSD01 in January is 2% and the spread is 0.2%.System will calculate 2.2% interest on principal amount. The spread will change every month as like LIBORUSD01 interest rate.
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