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ACCRINT (Issue,FirstInterest,Settlement,Rate,Par,Frequency,Basis)

  • where, is the security's issue date (a date when coupon or a bond is issued)
  • is the first interest date
  • is the security's settlement date (a date when coupon or a bond is purchased)
  • is the security's annual coupon rate
  • is the security's par value
  • is the number of coupon payments per year
  • is the type of day count basis to use
    • ACCRINT() returns the accrued interest for a security that pays periodic interest.


ACCRINT (Issue,FirstInterest,Settlement,Rate,Par,Frequency,Basis)

  • Accrued interest is the interest accumulated on a bond since the last interest payment up to, but not including, the settlement date.
  • is the date after issue date when security or bond is purchased by customer.
  • , and dates should be entered either in 'date format' or 'dates returned using formulas'. If dates are not valid, Calci displays #N/A error message.
  • If >= , Calci displays #N/A error message.
  • If is omitted, Calci displays #N/A error message.
  • If <=0 or <=0, Calci displays #N/A error message.
  • The values for should be 1,2 or 4.

For Annual payment, Frequency = 1,

For Semi-annual payment, Frequency = 2,

For Quarterly payment, Frequency = 4.

  • value is optional. If omitted, Calci assumes it to be 0.

Below table shows the use of values:

Basis Description
0 US (NASD) 30/360
1 Actual/actual
2 Actual/360
3 Actual/365
4 European 30/365
  • If value is other than 0 to 4, Calci displays #N/A error message.


Consider the following example that shows the use of ACCRINT function:

=ACCRINT(A1,A2,A3,A4,A5,A6,A7) displays 16.667 as a result.
=ACCRINT(DATE(2010,3,5),A2,A3,A4,A5,A6,A7,FALSE) displays 23.88888888888889 as a result.

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