ÁKK Awarded Reputable International Accolade

The Government Debt Management Agency Private Company Limited (ÁKK) created a new debt management model, a result of several years’ research and development. Its results encompass every debt portfolio benchmark used by ÁKK. The new debt portfolio model was successfully presented at multiple reputable international conferences (10th Economics & Finance Conference, Rome, September 10-13, 2018; International Conference on Time Series and Forecasting, Granada, September 19-21, 2018). The study titled „Optimizing the Hungarian Government Debt Portfolio” submitted by ÁKK to the conference in Rome organized by the International Institute of Social and Economic Sciences won the Best Paper Award. The authors of the paper are András Bebes, Dávid Tran and László Bebesi. The study can be accessed here. You can download the Certificate here.

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    HGB and T-bill calculator
    Date: settlement date; minimum value: 01-01-2003; the date on which securities must be delivered and paid for to complete a transaction
    Type: DKJ - discount treasury bills, KTV - treasury bonds
    Convention: calculation method: ISMA (Act/Act) or EHM (Act/365 No Leap)
    Security: T-Bond or T-Bill denominated in HUF
    Yield %: yield to maturity, the percentage rate of return paid if the security is held to its maturity date
    Clean Price %: net present value of selected security, if it is not the input field, then = gross price% - acc. interest%
    Acc. Interest %: the amount of interest accumulated but not paid between the issue date or most recent payment and the settlement date
    Gross Price %: present value of selected security, if it is not the input field, then = clean price% + acc. interest%
    Face Value: optional positive integer value, Net Price, Acc. Ineterst and Gross Price will be recalculated
    Net Price: Clean Price% * face value
    Acc. Interest: Acc. Interest% * face value
    Gross Price: Gross Price% * face value