Difference between revisions of "Manuals/calci/RECEIVED"
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| − | + | =RECEIVED(SettlementDate, MaturityDate, Investment, Discount, Basis)= | |
| − | + | *where, <math>SettlementDate</math> is the security's settlement date (a date when coupon or a bond is purchased) | |
| + | *<math>MaturityDate</math> is the security's maturity date (a date when coupon or a bond expires) | ||
| + | *<math>Investment</math> is the amount invested in security | ||
| + | *<math>Discount</math> is the security's discount rate | ||
| + | *<math>Basis</math> is the type of day count basis to use | ||
| − | + | RECEIVED() calculates the amount received at maturity for a fully invested security. | |
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| − | + | == Description == | |
| − | * < | + | *<math>SettlementDate</math> and <math>MaturityDate</math> 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 <math>SettlementDate</math> >= <math>MaturityDate</math>, Calci displays #N/A error message. | ||
| + | *If <math>Investment</math> <=0 or <math>Discount</math> <=0, Calci displays #N/A error message. | ||
| + | *<math>Basis</math> value is optional. If omitted, Calci assumes it to be 0. | ||
| + | Below table shows the use of <math>Basis</math> values: | ||
| − | + | {| class="wikitable" | |
| − | + | |- | |
| + | ! Basis !! Description | ||
| + | |- | ||
| + | | 0 || US (NASD) 30/360 | ||
| + | |- | ||
| + | | 1 || Actual/actual | ||
| + | |- | ||
| + | | 2 || Actual/360 | ||
| + | |- | ||
| + | | 3 || Actual/365 | ||
| + | |- | ||
| + | | 4 || European 30/365 | ||
| + | |} | ||
| − | < | + | *If <math>Basis</math> 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 - | ||
| − | < | + | <math>RECEIVED = \frac{Investment}{1-(Discount X \frac{D}{B})}</math> |
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| − | + | == Examples == | |
| − | + | Consider the following example that shows the use of RECEIVED function: | |
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{| id="TABLE3" class="SpreadSheet blue" | {| id="TABLE3" class="SpreadSheet blue" | ||
|- class="even" | |- class="even" | ||
| + | | class=" " | 4/24/2010 | ||
| class=" " | | | class=" " | | ||
| − | + | | class=" " | 1/1/2013 | |
| − | | class=" | + | |
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|- class="odd" | |- class="odd" | ||
| − | + | | class="sshl_f" | 7/24/2010 | |
| − | | class="sshl_f" | | + | | class=" " | |
| − | | class=" | + | | class=" " | 1/1/2014 |
| − | | class=" | + | |
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|- class="even" | |- class="even" | ||
| − | | class=" | + | | class=" " | 1550000 |
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| class=" " | | | class=" " | | ||
| + | | class=" " | 50000 | ||
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|- class="odd" | |- class="odd" | ||
| − | + | | class=" " | 4.65% | |
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| − | | class=" " | | ||
| class=" " | | | class=" " | | ||
| + | | class=" " | 6% | ||
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|- class="even" | |- class="even" | ||
| − | + | | class=" " | 2 | |
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| − | | class=" " | | ||
| class=" " | | | class=" " | | ||
| + | | class=" " | | ||
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|- class="odd" | |- class="odd" | ||
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| − | | class=" " | | ||
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| class=" " | | | class=" " | | ||
|} | |} | ||
| − | + | =RECEIVED(A1,A2,A3,A4,A5) displays ''1568435.6540840461'' as a result. | |
| − | + | =RECEIVED(C1,C2,C3,C4) displays ''53191.48936170212'' as a result. | |
| + | |||
| + | == See Also == | ||
| + | |||
| + | *[[Manuals/calci/INTRATE | INTRATE]] | ||
| + | |||
| + | == References == | ||
| + | |||
| + | *[http://en.wikipedia.org/wiki/Bond_(finance)#Maturity Maturity] | ||
| + | *[http://en.wikipedia.org/wiki/Day_count_convention Day Count Basis] | ||
Revision as of 07:19, 4 January 2014
RECEIVED(SettlementDate, MaturityDate, Investment, Discount, 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
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 useRECEIVED() calculates the amount received at maturity for a fully invested security.
Description
- 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 -
Examples
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% | |
| 2 | ||
=RECEIVED(A1,A2,A3,A4,A5) displays 1568435.6540840461 as a result. =RECEIVED(C1,C2,C3,C4) displays 53191.48936170212 as a result.