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Re: Rounding errors in financial app transforms

Subject: Re: Rounding errors in financial app transforms
From: "Dimitre Novatchev" <dnovatchev@xxxxxxxxx>
Date: Thu, 26 Jul 2007 05:57:20 -0700
Re:  Rounding errors in financial app transforms
You seem to be un-aware of xs:decimal.



--
Cheers,
Dimitre Novatchev
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Truly great madness cannot be achieved without significant intelligence.
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To invent, you need a good imagination and a pile of junk
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You've achieved success in your field when you don't know whether what
you're doing is work or play


On 7/26/07, Justin Johansson <procode@xxxxxxxxxx> wrote:
What's the recommended recipe to avoid rounding-error discrepancies
in financial applications based upon XSLT (2.0) transforms?

Having demonstrated a proof-of-concept for an application based on XSLT 2.0
to a commercial finance/accounting industry client (to replace a legacy system
which happens to be written in CBASIC-86), a stumbling block / annoyance is
the
accumulation of one cent errors in the aggregated results.

This, of course, is as a result of using floating-point arithmetic in XSLT.

BCD arithmetic is apparently still used in mainframe applications, as was in
CBASIC-86, but most latter-day languages including XSLT seem to have
ignored it.

Does this means that one needs to resort to doing non-trivial financial
apps in XSLT
in integer arithmetic?

My guess is that even having a standard MulDiv function in XSLT would help
matters floating-point-wise but sadly there is no such animal available.

Thanks to all for suggestions.

Justin Johansson

*** A horse with no name is called Lambda ***

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