Description
Attach a clean/dirty convention label to a bond quote.
Financial market terms depend on quote conventions, contract multipliers, rate units, horizons and signed positions. A price gap, intrinsic value or linear sensitivity is a limited scenario term rather than an executable price or complete valuation. Variance, volatility, fractional rates and basis points are different quantities.
Attach a clean/dirty convention label to a bond quote.
When to use this tool
Use Bond Quote Clean Dirty Convention Tag when checking the stated supplied market, valuation or exposure convention.
How to use the tool and how it works
- Enter quoteId, priceConvention. Use the units and conventions below.
- Run the tool. Correct any format, range, or cross-field input error before interpreting the output.
- Read label. Use the output convention below.
Require nonempty quoteId and priceConvention clean, dirty or unspecified. Format quoteId [convention].1
| Input field | Meaning and units | Accepted input |
|---|---|---|
| quoteId | Quote Id | Required. Text; minimum UTF-16 length 1; maximum UTF-16 length 8192. |
| priceConvention | Price Convention | Required. Text; one of "clean", "dirty", "unspecified"; maximum UTF-16 length 8192. |
| Output field | Interpretation | Returned shape |
|---|---|---|
| label | Formatted supplied record wording; no independent validation of its substantive meaning. | Required. Text; maximum UTF-16 length 8192. |
{
"input": {
"quoteId": "Q17",
"priceConvention": "clean"
},
"output": {
"label": "Q17 [clean]"
}
}Limitations and assumptions
- No accrued interest, day count, actual quote convention or bond price is calculated or validated.
- Inputs must satisfy both the field types and the cross-field conditions above. Invalid input causes an error; a successful false flag or documented placeholder is a different result.
Alternative or Complementary methods
Use verified contract/market data and a complete suitable valuation and risk model with qualified financial advice for actual investment or trading decisions.
References
Similar or alternative tools
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