Description
Compare tradeDay with exDay strictly when equalityExcludes or inclusively otherwise; entitledByFlags also requires settledBeforeRecord.
Financial records use explicit dates, periods, entitlement flags and policy boundaries. Numeric membership or age checks can establish consistency with a supplied rule without determining legal rights or the actual contract's meaning.
Compare tradeDay with exDay strictly when equalityExcludes or inclusively otherwise; entitledByFlags also requires settledBeforeRecord.
When to use this tool
Use Coupon Exdate Entitlement Token when you need a financial timing or policy-record diagnostic.
How to use the tool and how it works
- Enter tradeDay, exDay, equalityExcludes, settledBeforeRecord. Use the units and conventions below.
- Run the tool. Correct any format, range, or cross-field input error before interpreting the output.
- Read beforeExDate, entitledByFlags. Inspect beforeExDate, entitledByFlags before interpreting the associated values.
Compare tradeDay with exDay strictly when equalityExcludes or inclusively otherwise; entitledByFlags also requires settledBeforeRecord.1
| Input field | Meaning and units | Accepted input |
|---|---|---|
| tradeDay | Trade Day | Required. Safe integer. |
| exDay | Ex Day | Required. Safe integer. |
| equalityExcludes | Equality Excludes | Required. Boolean. |
| settledBeforeRecord | Settled Before Record | Required. Boolean. |
| Output field | Interpretation | Returned shape |
|---|---|---|
| beforeExDate | Before Ex Date | Required. Boolean. |
| entitledByFlags | Entitled By Flags | Required. Boolean. |
{
"input": {
"tradeDay": 10,
"exDay": 10,
"equalityExcludes": true,
"settledBeforeRecord": true
},
"output": {
"beforeExDate": false,
"entitledByFlags": false
}
}Limitations and assumptions
- Numeric day labels and settlement status are supplied. This is not a determination of actual exchange, jurisdiction or security entitlement rules.
- 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.
- Numeric calculations use binary floating point unless exact decimal-integer arithmetic is explicitly stated. No hidden measurement tolerance or decimal rounding is added; nonfinite or out-of-contract results are rejected. Numeric signed-zero results are exported as zero.
Alternative or Complementary methods
Review the governing instrument or agreement and source records. Use the appropriate calendar, day-count and professional interpretation when actual entitlement or obligations are at issue.
References
Similar or alternative tools
- Coupon Payment Date Excoupon Offset
Subtract it from daysToPayment and flag exCoupon at zero or below.
- Coupon Period Exposure Share
Return eligible/period share.