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  3. June 2010

30 year mortgage vs Y2K

Ok, some company tried using the technique below:

From the help on CVTDAT on 7.1
Only valid dates can be converted. If either the from-format or the
to-format use only 2 digits to specify the year (for example, *MDY,
*DMY, *YMD, or *JUL), valid dates are in the range of January 1,
1940, to December 31, 2039. Otherwise, valid dates are in the range
of August 24, 1928, to May 9, 2071. If the year is specified with
only 2 digits, years in the range of 40 to 99 are assumed to be 1940
to 1999; years in the range 00 to 39 are assumed to be 2000 to 2039.
The command works in conjunction with the QLEAPADJ system value.

However, 30 year mortgages are now hitting that wall.

Yes, they should use real date fields.

Any place to set a sliding scale to move that up a bit until they fix it?
Like change the cutoff from 40 to 50 or 60?



Rob Berendt

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