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RECEIVED (SettlementDate,MaturityDate,Investment,DiscountRate,Basis)

  • where, is the security's settlement date (a date when coupon or a bond is purchased)
  • is the security's maturity date (a date when coupon or a bond expires)
  • is the amount invested in security
  • is the security's discount rate
  • is the type of day count basis to use
    • RECEIVED(), returns the amount received at maturity for a fully invested security.


  • 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 <=0 or <=0, Calci displays #N/A error message.
  • 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.
  • Formula:

If 'B' is number of days in a year, and 'D' is number of days from 'Settlement' to Maturity', the RECEIVED is calculated as -


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

4/24/2010 1/1/2013
7/24/2010 1/1/2014
1550000 50000
4.65% 6%
=RECEIVED(A1,A2,A3,A4,A5) displays 1568435.6540840461 as a result.
=RECEIVED(C1,C2,C3,C4) displays 53191.48936170212 as a result.

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