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Price

Table of Contents

Description

Financial meaning

Prices represent the market value or quoted price of a financial instrument at a specific point in time. They are essential for valuation, performance measurement, and accurate reporting across financial systems.

Platform abstraction

In the Finmars platform, a Price is a separate entity linked to an Instrument and dated to a specific moment. Each price entry stores the principal value, accrued interest component (for debt instruments), a pricing policy identifier (e.g., Standard, Custom), and valuation-related fields like Yield to Maturity (YTM) and Duration.

Prices are used in:

  • Providing market or modeled values for instruments held in portfolios.

  • Defining end-of-day valuations and snapshots for asset positions.

  • Supporting duration, yield, and factor-based sensitivity analyses.

  • Assisting in generating fair value reports,reports, P&L,L, and balance sheet entries.

Examples

Instrument Date Pricing Policy Principal Price Accrued Price Factor YTM Modified Duration Is Temporary Price
BAIDU INC 2023-03-14 Standard 144.9500 0.000 1 0.00 0.000 False

  • Instrument: name or identifier of the financial instrument.

  • Date: the date for which the price is recorded.

  • Pricing Policy: method used for price calculation (e.g., Standard).

  • Principal Price: main price of the instrument excluding accrued interest.

  • Accrued Price: accumulated interest up to the pricing date.

  • Factor: multiplier used to adjust the nominal or market value of the instrument.

  • YTM: yield to maturity, representing the expected return if the instrument is held until maturity.

  • Modified Duration: measure of the price sensitivity of the instrument to interest rate changes.

  • Is Temporary Price: flag indicating if the price is temporary (True or False).

Cookbook

CRUD

Operations within platform.

Use Cases

What for it's used.

F.A.Q.

API documentation

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