HIMIPref™ Preferred Indices : Pending Revisions

The first run-through for the HIMIPref™ Preferred Indices has been completed and I am now in the joyous phase of hunting down and killing errors.

Due to errors in cash-flow characterization, the following monthly results will have to be recomputed:

October 1997 / OpRet
November 1999 / PerpetualDiscount
November 1999 / FixedFloater
March 2000 / OpRet
January 2005 / PerpetualDiscount

Making these changes will also change subsequent index levels. No errors have yet been found in the characterizations of the indices (e.g., reported yields).

The checking process continues.

Leave a Reply

You must be logged in to post a comment.