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MONROE TRADER II 
 
 4 
STATUS MODE 
The CODE, CALL/MATURITY, and COUPONS ER YEAR keys are considered to set modes of operation 
for keys which perform calculations.  The “status” of all the modes is continuously displayed on line 1 of th 
edisplay.  Each mode is defined in the Description of Keys section and illustrated in the example 
calculations. 
 
The following is a typical example of the mode settings: 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Security Code 0 (Municipal, Corporate, Agency Bond) Periodic Semi-annual coupons, Calculating to Maturity Date. 
 
FED/MUNI SWITCH 
This switch controls the number of decimal places of price results in Security Codes 0, 2, 3, 4, and 6.  
Prices are rounded to 6 places in the FED position and truncated to 3 places in MUNI.  Security Code 1 
and 5 prices are calculated to 6 and 7 decimal places respectively. 
 
CORRECTIONS & ERROR MESSAGES 
If an error is made when keying a number or date, the TRADER II will display a message.  For example, if 
an invalid security code is entered (using the CODE key) the message Invalid Code, will be displayed.  
The error message need not be cleared.  Just continue, by entering the correct number.  An invalid date 
entry will result in a date of 00-00-0000.  Whenever possible, the TRADER II will indicate which entry is 
incorrect refer to Appendix C for a complete list of error conditions. 
 
If an error is detected before an entry is complete, press the C/CE key and enter the number again. 
 
OVERFLOW AND UNDERFLOW 
Calculation results which are too large (overflow) or small (underflow) will cause the number to be 
displayed in a special format. 
 
Numbers have an internal capacity of fourteen digits (14) with a floating decimal point.  When the decimal 
point is greater than the maximum number of digits, TRADER II displays as 1.234567890123+14 which 
represents the actual number 123,456,789,012,340.  In other words, the 14 most significant digits of the 
result will be displayed along with an E+nn or E-nn indicating the placement of the decimal.  In the 
example above, the acutal number was obtained by moving the decimal point to the right 14 digits.  If     
E-nn is displayed, move the decimal point to the left nn digits.  Overflow will be displayed to indicate an 
error. 
 
   Interest 
and 
   Day 
Count 
 Settlement 
Date 
 
 
 
 
 
 
 
Security Code 0   
Semi-annual coupons 
To Maturity 
 
 
 
 
 
Status Line 
Result/Entry Line 
C=0  PER  30/360  SEMI  06-24-87  MATURITY 
Settlement Date 06-24-87