Interest rate swap

In valuing a fixed for floating interest rate swap after initiation, how is the new rate to be accounted for?

Curriculum applies all the present value factors of remaining maturity, schweser only takes the current quarter present value, Wiley has no example on this altogether.

I have two methods that I use and they’re fail proof… But its too hard to explain, if you post a problem, I’ll post a solution and how to arrive at it :stuck_out_tongue:

Exactly, anyway I only want to know how much should one discount a (new) floating rate, only for one period or all of the remaining maturity of the contract? As I see it being differently done in Schweser than curriculum.

My first method doesnt discount it at all, while the 2nd method discounts all the payments. They both come to the same answer.