Table of Contents
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WINDOW operations
value of any entry from .1 to 99.9
<AFTER TAX YIELD> & BEFORE TAX PRICE/YIELD
a "commercial"
<CODE>
<32nds>
TABLE OF CONTENTS
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Table of Contents
Related Manuals for Monroe Trader III
Summary of Contents for Monroe Trader III
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Page 1: Table Of Contents
TABLE OF CONTENTS Power-on “Let’s Get Started” General operations “Let’s run this thing” <PRINCIPAL/INTEREST> entering number of bonds computing principal computing accrued interest with a concession <CONC> WINDOW operations how they work opening/closing <CALL DATE> <CALL PRICE> <NUMBER OF DAYS> computing days between all dates <MARK UP>... -
Page 2: Power-On "Let's Get Started
SWAP - averages for two groups of issues SPECIAL SETUP FUNCTIONS: Date and Time <SETUP> or <SPCL FNCT> <1> <1> Calculator <SETUP> or <SPCL FNCT> <1> <2> Yield Display <SETUP> or <SPCL FNCT> <1> <3> Dollar Price <SETUP> or <SPCL FNCT> <1> <4>... -
Page 3: Let's Run This Thing
LET’S GET STARTED Plug the BASYS POINT into the adapter and the wall outlet (of course). The BASYS POINT is ON. There’s no on/off switch. The BASYS POINT turns off by itself when it’s not being used. There is a “time out” option which you can adjust - -- later. -
Page 4: With A Concession
As you can see the Number of bonds and the days of Accrued Interest are displayed along with very readable dollar amounts. Could it get any easier? PAGE 2 Entering a Concession <CONC>, i.e. 0.25 <CONC>... -
Page 5: Call Date>
1. The <C/CE> will clear any WINDOW and return the screen to the status that existed before the function key opened the WINDOW. The <C/CE> is the clear key on the calculator pad. 2. Any other function key that opens a WINDOW will also close an existing WINDOW and present the new WINDOW data. -
Page 6: Number Of Days
The calculator will use the lowest price or yield (depending upon which was the computed value) in any calculation performed after the Price/Yield computation. The calculator results can also be re-entered into the Bond Trader as a Price or Yield. -
Page 7: Mark Up
The data in this WINDOW are self-explanatory. Yes? Close the WINDOW by pressing <C/CE> or try <MARK UP> without using the <C/CE>. PAGE 5 <MARK UP> Mark Up calculates new prices for changes in yield. A List of basys changes is stored in the Bond Trader which are used in performing this function when you press <MARK UP>. -
Page 8: Variance
“How did this happen?”, you ask. Well, the Setup List has up to five (5) preset variables stored, one for each basys point level and yes, they are modifiable. (Series 211 has only 1 stored variable) You can also do a “Mark Down”. Press the <change sign> then the <Mark up>. This will reverse the direction of the calculation and give a set of mark downs with 5 basys point levels. -
Page 9: Current Yield/Duration/Convexity
“How did this happen?”, you ask again. Well, in that Setup List with the preset variables there is a thing called a VARIANCE which computes what you entered (1 in this case) and adds the variance to it. Since the variance in this example was set to 4 basys points, the mark up is computed to 1 and 5 basys points, and yes, you can change it too. -
Page 10: Entering Tax Rates
The Duration is displayed in YEARS (not periods). PAGE 8 <TO AFTER TAX YIELD> This Issue is a discounted bond with a Capital Gains Rate of 20.0% and an Income Tax Rate of 0.0%. We compute the After Tax Yield. Once again if your not holding on to your hats - do so because, we compute the After Tax Yield to 1st Call, 2nd Call, and Maturity. -
Page 11: Computing Before Tax Price & Yield
This Bond Trader is so smart that it remembers the last Tax Rates you entered even if you pulled the plug..You bet! Let’s see if the Rates we put in at the factory are still there. Well if we goofed, you can put them in now. -
Page 12: Save Issue
The After Tax Yield can also be entered to compute the Before Tax Price and Before Tax Yield. Enter the After Tax Yield and press <TO AFTER TAX YIELD>. Both the Before Tax Price and Yield are computed simultaneously. Enter a value and press <TO AFTER TAX YIELD> PAGE 10 <SAVE ISSUE>... -
Page 13: Clear Issue
It found a place in memory and a WINDOW opened to tell us where it is in memory. There are two hundred fifty (250) such places in the “411”, ninety-nine (99) in the “311” and thirty (30) in the “211”, to store Issues. Each Issue can be recalled by entering the Issue Location Number or displaying the entire List ...more on this later This Issue was saved in Location 12 in Group 0. -
Page 14: Direct Entry
Therefore another calculation using this Settlement Date can be performed. The Settlement Date can be automatically reset to “today’s” Settlement Date by <C/CE> <SETTLEMENT DATE> “A COMMERCIAL TIME-OUT” --- Give your friends our NUMBER. It’s always on the last line of the screen when you press <CLEAR ISSUE> IF YOU HAVE ANY QUESTIONS, CONCERNS OR IDEAS REGARDING THE BASYS POINT BOND TRADER JUST CALL US TOLL FREE AT 1-800-360-DAYS... -
Page 15: Settlement Date
Enter the Code Number and press <CODE>. Also, the ARROW <UP> or <DOWN> (on the <+> and <-> calculator keys) will move you through the List, highlight a selection and press <ENTER> (just above the <#9>). This entry will then return you to the Main screen with the selected Code displayed along with the proper Settlement Date for the selected Code. -
Page 16: Converting 32Nds To Decimals
In this example we changed the Code from “0” Muni/Corp to “1” Government. In other word form T+3 to T+1 or next day settlement. PAGE 14 <CODE> <1> and <32nds> The Code List selection for Code 1 is Government Bonds Actual/Actual. Let’s change Codes and see some new features. - Page 17 Let’s enter a Coupon and Maturity Date. Then enter a DOLLAR PRICE of 101.11 with the “.11” representing 11/32s. The <32nds> used after this entry will convert the “.11” to the decimal equivalent and display both. Enter 101.11 Press <32nds> The entry of 101.11 for 101 and 11/32nds was converted into the decimal equivalent.
- Page 18 <DISPLAY> <32NDS> will convert a decimal number back into a 32nds format, i.e. 101.734023 <DISPLAY> <32NDS> will result in 101’23.5 Enter any decimal value and Press <DISPLAY> <32NDS>. If a Yield is entered and the <TO PRICE> is computed, the resulting DOLLAR PRICE is displayed and automatically converted to 32nds (to the right of the Price).
- Page 19 <ENTER>. Changes to either of these two items can be made. First press <ENTER> to open the window and then make the changes. After data is entered in this window, the Main Screen will show a line with the Conversion Rate as the “2nd COUPON”. The line with CONVERT shows the Conversion Date.
- Page 20 The use of <ENTER> for the Conversion detail can be performed at any time prior to the calculation of Price or Yield. PAGE 18 <SAVE ISSUE> & <RECALL ISSUE> Issue are Saved in “places” in the memory of the Basys Point and will remain Saved until they are cleared or replaced with a new Issue.
- Page 21 issues). The Group Numbers are “.0” to “.9”. Note, that a decimal point always appears before the Group Number. The Series 211 & 311 have only one Group and that Group Number is always Group zero “.0”. When each Issue is Saved, it is assigned an Issue Location Number. This number has two parts.
- Page 22 2. Issue #6 in Group #.2 PAGE 20 Let’s RECALL the Issue we SAVED earlier on page 11. The Basys Point requires Issues to be present in order access <RECALL ISSUE>. So, if you have no Issues stored, Save some now. See Page 19 on <SAVE ISSUE> for more detail on how Issues are assigned “places”...
- Page 23 First, the Series 211 & 311 (which has only one Group of Issues) 1. Input a number, say “1” and press <RECALL ISSUE>. Issue #1 will be Recalled from memory. 2. Just press <RECALL ISSUE> and a List of Issues will appear. Then use the arrow up/down keys (see the <+>...
- Page 24 2. List of Issues with Group #.0 selected (when highlighted). Note, the Issue column showing the number of Issues in each Group. PAGE 22 <EXTND FNCT> or <BEGIN PRODUCTION/SWAP> The Extended Function <extnd fnct> (older units will have this key labeled <production/swap begin>) These two functions are the same key but labeled differently on different keyboards.
- Page 25 The <extnd fnct> allows for certain extended functions to be selected. These functions vary with the Series of software installed on each unit. The Series 211 does not have any Extended Functions. The 211 or 311 can be upgraded to have 411 features at any time your needs require. Call Basys Point for details.
- Page 26 entered on the <PRINCIPAL/INTEREST>. A new Price or Yield can be entered on either the <TO PRICE> or the<TO YIELD>. The arrow up/down will scroll through the list of Issues in the Group. The Series 411 will first require that the Group Number to be entered before re- pricing.
- Page 27 Note: a. When the Issue was saved with the Number of Bonds an asterisk appears to the right of each Issue. b. If no asterisk appears, it means either the Issue is not eligible to be used in the Average or the Number of Bonds was not entered before it was Saved. c.
- Page 28 b. If no asterisk appears, it means either the Issue is not eligible to be used in the Average or the Number of Bonds was not entered before it was Saved. c. Issues that are in a Group but have no asterisk are excluded from the Averages.
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Page 29: Time And Date Settings
2. The second Menu after #1 selected from above Menu PAGE 27 TIME AND DATE SETTINGS <SETUP> or <SPCL FNCT> <1>,<1>... -
Page 30: Calculator Settings
24.0 for 24:00 hours (midnight) 4. "DISPLAY ACTIVE TIME" The screen will remain ON for an “Active Time” after any key is pressed. Time-ON may be from 10 to 600 minutes CALCULATOR SETTINGS PAGE 28 <SETUP> or <SPCL FNCT> <1>,<2>... - Page 31 3. "CALCULATOR MEMORIES (1 OR 10) ONE OR TEN a) Calculator Memories can be set to 1 memory which requires NO entry of a Memory number(n) <SAVE MEMORY (n)>. b) Calculator Memories can be set to 10 memories which requires entry of a Memory Number(n) <SAVE MEMORY (n)>.
- Page 32 8. “CALCULATOR 32NDS DISPLAY” ON or OFF The calculator will display decimals converted into 32nds on the Entry line 9. “32NDS DISPLAY DECIMALS 1, or 2, or 3 decimals 32nds will be displayed with 1, 2, or 3 decimals YIELD DISPLAY SETTINGS PAGE 30 <SETUP>...
- Page 33 1. “YIELD VALUES WILL” ROUND OFF or TRUNCATE The Yield results of a Dollar Price <TO YIELD> calculation will follow this parameter. 2 “YIELD DECIMAL SETTINGS” 1, or 2, or 3, or 4 decimals The Yield results of a Dollar Price <TO YIELD> calculation will be displayed in 1, 2, 3, or 4 decimal places.
- Page 34 1. DOLLAR PRICE can be ROUNDED or TRUNCATED Each Code has a unique setting for ROUNDED or TRUNCATED Dollar Price results. If any future industry changes should occur in the rules, you can modify them. The number of decimals is also modifiable from 1 to 8 places. DOLLAR PRICE DISPLAYED IN 32NDS BY CODE <SETUP>...
- Page 35 The display will show 32nds with an apostrophe before the number, i.e. 101‘15.500 for a 101 15/32+ The number of decimals can also be modified from 1 to 3 places (see <SETUP>/<SPCL FNCT> <1> <2> CALCULATOR SETTINGS. PAGE 33 MARK UP/DOWN SETTINGS...
- Page 36 1. “MARK UP/DOWN ENTRY VARIANCE” 0 to 99.9 Basys Points The Value of the Basys Point change entered before <MARK UP> will also be shown with the Variance added and displayed as a second result. If the Variance is set to zero, it will not display a result. 2.
- Page 37 DAYS FROM TRADE DATE TO SETTLEMENT DATE 0-9 days Each Code has a unique setting for the Number of DAYS from DAY of TRADE DATE to SETTLEMENT DATE. If industry standards change, as they did from T+5 to T+3 days in June 1995, you can modify these parameters as needed.
- Page 38 HOLIDAYS USED IN CALCULATION OF SETTLEMENT DATE ON or OFF Any or all holidays may be turned ON or OFF at any time. All holidays will reset to the next year holiday date after the holiday is passed. You DO NOT have to reset any of these standard dates. There are also four (4) EXTRA HOLIDAY setting which allow for the setting of any 1 to 4 different holidays.
- Page 39 The option is set to NO as a factory default. MAINTENANCE FUNCTIONS KEY HISTORY DISPLAY <SETUP> <SPCL FNCT> <2>,<1> All keys strokes used in the calculator (up to 1000 strokes) can be displayed in the sequence of entry. PAGE 37...
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Page 40: Initial Unit Setup
INITIAL UNIT SETUP CODE CHANGE CLEARS DATA” YES or NO When the CODE is changed and some date had been entered prior to the change, the data will clear if option is set to YES UNIT INFORMATION This feature will display the Unit Serial Number, Firmware Version and Date of last update. -
Page 41: Option Information
PAGE 39 OPTION INFORMATION <SETUP> <SPCL FNCT> <2>,<4> List of all options available on the Basys Point. Items that are highlighted are in effect. There are currently 152 options, all of which are included in the Series 411... -
Page 42: Calculator Functions
President PAGE 40 CALCULATOR FUNCTIONS The calculator will function as a calculator that uses algebraic functions. That is to say “A plus B minus C divided by D times E = F”. The following examples show simple addition and subtraction... - Page 43 2. Addition and Subtraction with a Total, “TOTAL” PAGE 41 Other examples are provided to show use of the calculator with: 1. a Dollar Price plus some value added 2. a Principal amount less a “commission” 3. an adjusted Principal amount divided by 1,000 and then used as a Dollar Price to compute a Yield after adjustment.
- Page 44 1b. press <-> (minus) the Dollar Price moves into the calculator window. PAGE 42 1c. Enter the value to be subtracted and press <=> The Dollar Price less the value is the “Total”.
- Page 45 1d. A further calculation could be performed by pressing <TO YIELD> thus calculating the Yield after the value was subtracted from the Dollar Price. PAGE 43 2a. After a Principal amount is extended press <->...
- Page 46 2b. Enter a value and press <=> The next page will show the net price converted into a Dollar Price and a net Yield computed. PAGE 44 2c. The net amount was divided by 1,000 to “convert” it into a Dollar Price.
- Page 47 2d. The “net” Price was then used to compute a “net” Yield These and many more variations can be performed using the calculator. Many of these functions can be customized to fit your needs. See the Section on <SETUP> for more information on setting new criteria.
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