Posted by
quantlib-users-admin on
URL: http://quantlib.414.s1.nabble.com/Libor-Forward-Process-tp4723p4727.html
>
> On 04/24/2006 08:47:49 AM,
[hidden email] wrote:
> > The reference date of the term structure is defined as the date at
> > which discount =3D 1 (see file termstructure.hpp), and it seems natur=
al
> > to me that it should be today, unless we want to make some kind of
> > "forward pricing".
>
> Today is natural enough, but it is not the only natural choice. On a
> desk I've been working with, all instruments were traded with two
> settlement days; therefore, it was natural to have the reference date =
> of the curve at two business days from today.
>
> Later,
> Luigi
>
>
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