DTV12 — “stubs” at the beginning and end of a regular time table needed

DTV schedules that are based on regular time tables need a way to model “stubs” at the beginning and end of a regular time table. These stubs are time periods that fall immediately before or after the time span of the regular time table. They capture any special handling that is required before the start or after the end of the regular portion of the schedule.

A typical financial example is a home mortgage where payments are due at the start of each calendar month. If the mortgage is initiated in the middle of a calendar month, then there will be an initial payment, covering the period to the beginning of the next calendar month. Similarly, there may be a final payment for the days after the last monthly payment. As currently defined, a DTV schedule that uses a regular time table can model the regular monthly mortgage payments. But DTV has no provision for the “stub” initial and final payments.

These two problems should be fixed in order to make DTV schedules usable for typical financial contracts.

The RTF agrees to add the requested feature. The resolution is merged with that of issue 19652 since the latter replaces the affected clause.

Disposition: Merged (see Issue 19652)