Explanation
A rating is a number intended to estimate a player's competitive strength. A rating period is the administrative window during which one particular list remains valid. In the International Chess Federation (FIDE) system, a new is prepared on the first day of each month by adding accepted rated play from the period to the previous list.
It is not the same as a tournament's length. An event may fit inside one period, cross several months, or submit interim results when it lasts more than thirty days. Under the current rules, with an exception for certain official FIDE events, the closing date is three days before the list date. A completed event can therefore appear one month later if its report misses the cutoff.
The system adds the changes produced by each result during the period. For every game, the actual score, 1 for a win, 0.5 for a draw and 0 for a loss, is compared with the derived from the rating difference. The accumulated amount becomes the change published at the start of the next period.
Common confusions
Rating period versus tournament duration
The first belongs to the rating publication calendar; the second is simply the span of time in which the event is played.
Live rating versus official rating
A live figure is an immediate estimate. The official number changes only after FIDE processes and publishes accepted results.
