Monroe Trader III, User Manual

Page 1: ...rom 1 to 99 9 page 6 variance page 7 CURRENT YIELD DURATION CONVEXITY current yield page 8 duration to Calls Maturity page 8 convexity to Calls Maturity page 8 AFTER TAX YIELD BEFORE TAX PRICE YIELD e...

Page 2: ...lay SETUP or SPCL FNCT 1 3 page 31 Dollar Price SETUP or SPCL FNCT 1 4 page 32 Price in 32nds SETUP or SPCL FNCT 1 5 page 33 Mark Up Down SETUP SPCL FNCT 1 6 page 34 Days to Settle SETUP or SPCL FNCT...

Page 3: ...and settlement date You re ready to calculate an issue Enter a coupon amount the entry is shown on the ENTRY LINE a clever name which is the last line on the display Press COUPON these little things m...

Page 4: ...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: ...on 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 3 CALL DAT...

Page 6: ...t PRICE will be highlighted And hold onto your hats if the PRICE TO EITHER CALL is lowest the YIELD TO MATURITY will be computed and displayed automatically in a WINDOW We call this window the kicker...

Page 7: ...ew 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 You can also enter the number of basys points and...

Page 8: ...tored 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 See the sect...

Page 9: ...rk up is computed to 1 and 5 basys points and yes you can change it too Of course if your VARIANCE is set to zero then only the basys entered is shown See the section on SETUP SPCL FNCT for more infor...

Page 10: ...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...

Page 11: ...in the window Rates may be changed at any time by entering a rate and pressing either Tax Rate key These rates are stored in memory and will be retained until changed A zero rate must be entered for...

Page 12: ...d 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 Let s SAVE this I...

Page 13: ...e was saved in Location 12 in Group 0 The Series 411 can store Issues into ten 10 different groups Each Group can store up to ninety nine Issues 250 Issue maximum Let s move on to some other items and...

Page 14: ...en 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 12 CODE entry and Code List Many users of...

Page 15: ...te will change appropriately When a Code is changed from one number to another number the data that may have been present on the Main screen will be cleared Of course like so many features of the Basy...

Page 16: ...de List selection for Code 1 is Government Bonds Actual Actual Let s change Codes and see some new features Enter 1 CODE Notice the heading and in particular the Settlement Date It has been changed an...

Page 17: ...be made in any fractional amount of 32nds such as 101 and 12 1 8 32nds which is entered as 101 12125 Easier done than said The entry will appear as 101 12 125 101 37890625 The apostrophe before the n...

Page 18: ...value of 32nds See the section on SETUP SPCL FNCT PAGE 16 CODE 6 STEPPED COUPON BONDS early software versions allowed only one call Units with Series 411 Ver 2 07 or higher can use two calls Let s run...

Page 19: ...Conversion Rate as the 2nd COUPON The line with CONVERT shows the Conversion Date The next page has a sample of a completed Code 6 issue PAGE 17 Code 6 allows for the calculation of two CALLs between...

Page 20: ...cleared or replaced with a new Issue This memory is non volatile that means Issues Stored will not be erased by loss of power or unplugging the unit There are two hundred fifty 250 such places in the...

Page 21: ...ished several ways 1 Just press SAVE ISSUE and the next available slot will be assigned 2 Input a number say 20 and press SAVE ISSUE This Issue will be assigned to Issue 20 Both method 1 2 above will...

Page 22: ...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...

Page 23: ...also be noted Use the arrow up down keys to select the Group and press RECALL ISSUE again The selected Group is now displayed Select the Issue and press RECALL ISSUE again The selected Issue is now r...

Page 24: ...r 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...

Page 25: ...ved issues production The Series 411 additionally allows for the calculation of AVERAGES on two groups of Saved issues simultaneously swap Both the Series 311 411 allow for the Re pricing of issues wi...

Page 26: ...of RE PRICING in Group 0 The Issue being re priced is Issue 14 If EXTND FNCT is pressed from this screen all AVERAGES production will be displayed In other words you can re price Issues and immediatel...

Page 27: ...and CLEAR ISSUE for the Issue s to be deleted from the List This function can be accessed directly from either the Re pricing function or the List of Issues The following is an example of AVERAGES pro...

Page 28: ...ages Issues can be removed from any Group by Recalling the List selecting the Issue and CLEAR ISSUE for the Issue s to be deleted from the List The following is an example of AVERAGES swap for Group 1...

Page 29: ...2 The second Menu after 1 selected from above Menu PAGE 27 TIME AND DATE SETTINGS SETUP or SPCL FNCT 1 1...

Page 30: ...12 or 01 12 b DAY is two digits 01 31 c YEAR YYYY is two or four digits 1995 95 or 2094 3 LOCAL TIME IS TIME is set to military time 0 01 for 00 01 minute 1 minute after midnight TO 24 0 for 24 00 hou...

Page 31: ...MEMORY n If 10 memories are selected n has a range of 0 through 9 4 CLEAR CALCULATOR ON EXIT YES OR NO If NO Calculator will not clear when returning to Bond Calculator 5 BOND DISPLAY INPUT LOW RESULT...

Page 32: ...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 PAGE 30 YIELD DISPLAY SE...

Page 33: ...The Yield results of a Dollar Price TO YIELD calculation will be displayed in 1 2 3 or 4 decimal places 3 VALUE OF 1 32 DECIMAL SETTING 1 or 2 or 3 or 4 decimals The Value of 1 32 will display in 1 2...

Page 34: ...e 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 PAGE 3...

Page 35: ...be automatically converted into 32nds 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...

Page 36: ...the YIELD value by the selected number of BASYS POINTS i e 5 basis points reduces the YIELD by 05 3 MARK DOWN 0 to 99 9 Basys Points PRICE is decreased MARK DOWN by increasing the YIELD value by the...

Page 37: ...ique 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...

Page 38: ...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 This allows you to customize this List at any...

Page 39: ...e can be recalled with RECALL ISSUE if option is YES The option is set to NO as a factory default 3 RECALL ENTERED PRICE YIELD YES or NO The Price or Yield is always saved when SAVE ISSUE is used This...

Page 40: ...ES 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 PAGE 38 UNIT INFORMATION SETUP SPCL FNCT 2 3 This feature will display...

Page 41: ...9 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 Seri...

Page 42: ...Warranty at a nominal cost Other units can also be upgraded at the purchase price differential and a service charge For more information about Basys Point call toll free 1 800 360 DAYS Thank you for c...

Page 43: ...w 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...

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: ...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 o...