{"id":4608,"date":"2016-10-27T12:00:40","date_gmt":"2016-10-27T15:18:29","guid":{"rendered":"http:\/\/margill.com\/en\/?p=4608"},"modified":"2025-10-10T11:18:18","modified_gmt":"2025-10-10T15:18:18","slug":"finance","status":"publish","type":"post","link":"https:\/\/margill.com\/en\/finance\/","title":{"rendered":"Finance"},"content":{"rendered":"<p>&nbsp;<\/p>\n<table width=\"93%\" cellspacing=\"0\" cellpadding=\"0\" align=\"center\">\n<tbody>\n<tr>\n<td>\n<div align=\"center\">\n<h1><span style=\"font-size: medium;\">Bonds, Banking, Lending, Leasing<\/span><\/h1>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3 style=\"text-align: center;\">The choice of thousands<\/h3>\n<ul>\n<li>Mortgage brokers<\/li>\n<li>Corporate lenders\n<ul>\n<li>Loans<\/li>\n<li>Equipment, Auto &amp; Truck finance \/ leasing<\/li>\n<\/ul>\n<\/li>\n<li>Personal loan companies<\/li>\n<li>Investors<\/li>\n<li>Law offices<\/li>\n<li>Government agencies<\/li>\n<li>SMEs and large corporations<\/li>\n<li>Insurance companies<\/li>\n<li>See also <a href=\"\/en\/financial-planning\/\">Financial planning<\/a>, <a href=\"\/en\/accounting\/\">Accounting<\/a>, <a href=\"\/en\/real-estate\/\">Real Estate<\/a>, <a href=\"\/en\/market-collection\/\">Collection<\/a><\/li>\n<\/ul>\n<h3><b class=\"texteOrange\"><span style=\"font-size: small;\">Common finance-related calculations<\/span><\/b><\/h3>\n<ul>\n<li>Corporate loans (regular and irregular payments at fixed or variable interest rates, lump sums, fixed principal, interest only&#8230;) using 30\/360, Actual\/Actual, Actual\/365 or Actual\/360<\/li>\n<li>Personal and Car (auto) loans including APR (Annual Percentage Rate) calculation<\/li>\n<li>Lines of credit<\/li>\n<li>Mortgages (regular and irregular)<\/li>\n<li>Asset finance and leasing (equipment, trucks, cars)<\/li>\n<li>Calculation of bond premium (schedule of bond premium amortization &#8211; effective interest method\n<ul>\n<li>Calculation of bond discount<\/li>\n<li>Zero-coupon bonds<\/li>\n<\/ul>\n<\/li>\n<li>Present value calculations (regular, irregular, indexed future cash flows) for investment (equipment purchase, corporate acquisition)<\/li>\n<\/ul>\n<h3 class=\"texteOrange\"><span style=\"font-size: small;\"><b>Standards-based<\/b><\/span><\/h3>\n<ul>\n<li><b>International standards and recognized principles<\/b> for the calculation of interest (Americas, Europe, Asia, Australia, Africa)<\/li>\n<li><b>United States banking rules <\/b>(Regulation Z, Truth in Lending Act)<\/li>\n<li><b>European Community rules <\/b>(Directive 98\/7\/CE)<\/li>\n<li><b>Canadian rules<\/b><\/li>\n<li><b>Day count <\/b>conventions : Actual\/actual (also known as Actual\/365), 30\/360, Actual\/360, Actual\/365(Fixed)<\/li>\n<li>Actuarial rule (Normal amortization), Fixed capital and Interest only<\/li>\n<li>APR (Annual Percentage Rate) calculation<\/li>\n<\/ul>\n<ul>\n<li><b>Simple<\/b> and <b>Compound<\/b> interest<\/li>\n<li><b>Unique<\/b> (fixed) or <b>variable<\/b> interest rates<\/li>\n<li>4-decimal-point accuracy<\/li>\n<li>Multi-currency<\/li>\n<li>Printed reports that include quarterly and \/or annual and choice of the financial year-end<\/li>\n<li>Export of the data to Excel,Word, XML, RTF<\/li>\n<\/ul>\n<p align=\"center\"><a href=\"\/en\/specialized-features\/\"><b>Highly specialized features<\/b><\/a><br \/>\n(for total accuracy in Amortization)<\/p>\n<h3><b class=\"texteOrange\"><span style=\"font-size: small;\">Real-life examples of various calculations<\/span><\/b><\/h3>\n<p>Click to see Margill examples:<\/p>\n<ul>\n<li><a href=\"\/en\/bonds\/#1\">Calculation of bond premium (schedule of bond premium amortization &#8211; effective interest method<\/a>\n<ul>\n<li><a href=\"\/en\/bonds\/#2\">Calculation of bond discount<\/a><\/li>\n<li><a href=\"\/en\/bonds\/#3\">Zero-coupon bonds<\/a><\/li>\n<\/ul>\n<\/li>\n<li><a href=\"\/en\/loans\/#3\">Loan with regular payments<\/a><\/li>\n<li><a href=\"\/en\/loans\/#7\">Loan with APR (Annual Percentage Rate) calculation<\/a><\/li>\n<li><a href=\"\/en\/loans\/#1\">Simple loan between two dates (simple interest)<\/a><\/li>\n<li><a href=\"\/en\/loans\/#2\">Simple loan between two dates (compound interest)<\/a><\/li>\n<li><a href=\"\/en\/loans\/#4\">Irregular loan<\/a> <span class=\"texteRouge\">&#8211; let&#8217;s make this fun!<\/span> refund interest only, then of a fixed principal amount and a regular refund. Let&#8217;s include missed and late payments and even a NSF check!<\/li>\n<li><a href=\"\/en\/loans\/#4-1\">Loan that includes unknown future interest rates with payments adjusted as these rates become known<\/a><\/li>\n<li><a href=\"\/en\/loans\/#5\">Line of credit<\/a><\/li>\n<li><a href=\"\/en\/mortgages\/#1\">Regular mortgage<\/a>\n<ul>\n<li>USA, Europe, Australia&#8230;<\/li>\n<li>Canada<\/li>\n<\/ul>\n<\/li>\n<li><a href=\"\/en\/mortgages\/#2\">Irregular mortgage with lump sum payments and variable interest rates<\/a><\/li>\n<li><a href=\"\/en\/mortgages\/#3-1\">Variable-rate mortgage with payments adjusted according to the interest rates in force<\/a><\/li>\n<li><a href=\"\/en\/loans\/#4-1\">Mortgage that includes unknown future interest rates with payments adjusted as these rates become known<\/a><\/li>\n<li><a href=\"\/en\/mortgages\/#4\">Reverse mortgages<\/a><\/li>\n<li><a href=\"\/en\/asset-finance-leasing\/#1\">Asset finance \/ Leasing<\/a><\/li>\n<li><a href=\"\/en\/asset-finance-leasing\/#3\">Decision to purchase equipment (or real-estate) or not based on purchase price and future profits generated<\/a><\/li>\n<li><a href=\"\/en\/asset-finance-leasing\/#2\">Annual Rate of return<\/a><\/li>\n<li><a href=\"\/en\/asset-finance-leasing\/#2a\">Annual Rate of return in complex situations (regular or irregular investments and payouts)<\/a><\/li>\n<\/ul>\n<table class=\"texteRouge\" border=\"1\" width=\"80%\" cellspacing=\"0\" cellpadding=\"15\" align=\"center\" bgcolor=\"#FFCC99\">\n<tbody>\n<tr align=\"center\">\n<td height=\"135\">\n<h3><b><span style=\"font-size: small;\">Fully exploit the power of Margill!<\/span><\/b><\/h3>\n<p align=\"left\">Once the amortization schedule is calculated, use the<b style=\"border-bottom: dotted thin #000;\"> right mouse click<\/b> to create totally custom payment schedules: interest only, fixed principal, irregular payment amounts and dates, lump sum, missed and extra payments, variable interest rate\/en\/finance\/s, new principal, etc.<\/p>\n<h3><b><span style=\"font-size: small;\">TOTAL flexibility available ONLY in Margill<\/span><\/b><\/h3>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3><b class=\"texteOrange\"><span style=\"font-size: small;\">Multiple variable interest rate tables and indexation tables included &#8211; OR create your own<\/span><\/b><\/h3>\n<ul>\n<li>All variable interest rates can be incremented (or reduced) by x% as of any date<br \/>\nFor example, prime + 2,5% starting November 15, 2004<\/li>\n<\/ul>\n<h3><\/h3>\n<h3><span class=\"texteNoir\"><b>Central Bank interest tables<\/b><\/span><\/h3>\n<ul>\n<li>United-States &#8211; Discount rate (Federal reserve)<\/li>\n<li>Great-Britain &#8211; Repo rate<\/li>\n<li>Canada &#8211; Target rate (preferential)<\/li>\n<li>Australia &#8211; Cash rate<\/li>\n<li>Hong Kong &#8211; Base rate<\/li>\n<li>Europe &#8211; Key rates &#8211; Deposit facility &#8211; European Central Bank<\/li>\n<li>South Africa &#8211; Prime rate<\/li>\n<\/ul>\n<h3><b class=\"texteNoir\">Late tax rates<\/b><\/h3>\n<ul>\n<li>US Internal Revenue Service (IRS) underpayments<\/li>\n<li>Canada Revenue Agency (CRA) underpayments<\/li>\n<\/ul>\n<h3><b class=\"texteNoir\">Legal interest rates<\/b><\/h3>\n<p>USA (federal post-judgement interest rates), Canada (Ontario, British Columbia, Quebec), Great-Britain, Australia, France, Belgium, Luxembourg<\/p>\n<h3><b class=\"texteNoir\">Indexation tables:<\/b><\/h3>\n<ul>\n<li>Inflation rates for various countries: USA, Canada, Great Britain, Australia, France, Switzerland, Belgium, Luxembourg,<\/li>\n<li>Historical performance of Stock market indices (annual % change)\n<ul>\n<li>Dow Jones Industrial Index, S&amp;P 500, NASDAQ, FTSE (London), Toronto Stock Exchange, Hong Kong Hang Seng, Bourse de Paris<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; Bonds, Banking, Lending, Leasing The choice of thousands Mortgage brokers Corporate lenders Loans Equipment, Auto &amp; Truck finance \/ leasing Personal loan companies Investors Law offices Government agencies SMEs and large corporations Insurance companies See also Financial planning, Accounting, Real Estate, Collection Common finance-related calculations Corporate loans (regular and irregular payments at fixed or [&hellip;]<\/p>\n","protected":false},"author":17,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","footnotes":""},"categories":[193,408,404],"tags":[],"class_list":["post-4608","post","type-post","status-publish","format-standard","hentry","category-knowledge-base","category-margill-law-and-standard","category-margill-loan-manager"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\r\n<title>Margill | Our software and the finance market<\/title>\r\n<meta name=\"description\" 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