Difference between revisions of "Manuals/calci/ACCRINT"

Latest revision as of 03:46, 18 November 2020

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

where, $Issue$ is the security's issue date (a date when coupon or a bond is issued)
$FirstInterest$ is the first interest date
$Settlement$ is the security's settlement date (a date when coupon or a bond is purchased)
$Rate$ is the security's annual coupon rate
$Par$ is the security's par value
Failed to parse (MathML with SVG or PNG fallback (recommended for modern browsers and accessibility tools): Invalid response ("Math extension cannot connect to Restbase.") from server "https://wikimedia.org/api/rest_v1/":): {\displaystyle Frequency} is the number of coupon payments per year
Failed to parse (MathML with SVG or PNG fallback (recommended for modern browsers and accessibility tools): Invalid response ("Math extension cannot connect to Restbase.") from server "https://wikimedia.org/api/rest_v1/":): {\displaystyle Basis} is the type of day count basis to use
- ACCRINT() returns the accrued interest for a security that pays periodic interest.

Description

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.
Failed to parse (MathML with SVG or PNG fallback (recommended for modern browsers and accessibility tools): Invalid response ("Math extension cannot connect to Restbase.") from server "https://wikimedia.org/api/rest_v1/":): {\displaystyle Settlement} is the date after issue date when security or bond is purchased by customer.
Failed to parse (MathML with SVG or PNG fallback (recommended for modern browsers and accessibility tools): Invalid response ("Math extension cannot connect to Restbase.") from server "https://wikimedia.org/api/rest_v1/":): {\displaystyle Issue} , Failed to parse (MathML with SVG or PNG fallback (recommended for modern browsers and accessibility tools): Invalid response ("Math extension cannot connect to Restbase.") from server "https://wikimedia.org/api/rest_v1/":): {\displaystyle FirstInterest} and Failed to parse (MathML with SVG or PNG fallback (recommended for modern browsers and accessibility tools): Invalid response ("Math extension cannot connect to Restbase.") from server "https://wikimedia.org/api/rest_v1/":): {\displaystyle Settlement} 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 Failed to parse (MathML with SVG or PNG fallback (recommended for modern browsers and accessibility tools): Invalid response ("Math extension cannot connect to Restbase.") from server "https://wikimedia.org/api/rest_v1/":): {\displaystyle Issue} >= Failed to parse (MathML with SVG or PNG fallback (recommended for modern browsers and accessibility tools): Invalid response ("Math extension cannot connect to Restbase.") from server "https://wikimedia.org/api/rest_v1/":): {\displaystyle settlement} , Calci displays #N/A error message.
If Failed to parse (MathML with SVG or PNG fallback (recommended for modern browsers and accessibility tools): Invalid response ("Math extension cannot connect to Restbase.") from server "https://wikimedia.org/api/rest_v1/":): {\displaystyle Par} is omitted, Calci displays #N/A error message.
If Failed to parse (MathML with SVG or PNG fallback (recommended for modern browsers and accessibility tools): Invalid response ("Math extension cannot connect to Restbase.") from server "https://wikimedia.org/api/rest_v1/":): {\displaystyle Rate} <=0 or Failed to parse (MathML with SVG or PNG fallback (recommended for modern browsers and accessibility tools): Invalid response ("Math extension cannot connect to Restbase.") from server "https://wikimedia.org/api/rest_v1/":): {\displaystyle Par} <=0, Calci displays #N/A error message.
The values for Failed to parse (MathML with SVG or PNG fallback (recommended for modern browsers and accessibility tools): Invalid response ("Math extension cannot connect to Restbase.") from server "https://wikimedia.org/api/rest_v1/":): {\displaystyle Frequency} should be 1,2 or 4.

For Annual payment, Frequency = 1,

For Semi-annual payment, Frequency = 2,

For Quarterly payment, Frequency = 4.

Failed to parse (MathML with SVG or PNG fallback (recommended for modern browsers and accessibility tools): Invalid response ("Math extension cannot connect to Restbase.") from server "https://wikimedia.org/api/rest_v1/":): {\displaystyle Basis} value is optional. If omitted, Calci assumes it to be 0.

Below table shows the use of Failed to parse (MathML with SVG or PNG fallback (recommended for modern browsers and accessibility tools): Invalid response ("Math extension cannot connect to Restbase.") from server "https://wikimedia.org/api/rest_v1/":): {\displaystyle Basis} values:

Basis	Description
0	US (NASD) 30/360
1	Actual/actual
2	Actual/360
3	Actual/365
4	European 30/365

If Failed to parse (MathML with SVG or PNG fallback (recommended for modern browsers and accessibility tools): Invalid response ("Math extension cannot connect to Restbase.") from server "https://wikimedia.org/api/rest_v1/":): {\displaystyle Basis} value is other than 0 to 4, Calci displays #N/A error message.

Examples

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

4/1/2010
10/31/2010
6/1/2010
20%
500
2
0

=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.

References

List of Main Z Functions

Z3 home

@@ Line 1: / Line 1: @@
-=ACCRINT(issue, FI, settlement, rate, par, frequency, basis, method)=
+<div style="font-size:25px">'''ACCRINT (Issue,FirstInterest,Settlement,Rate,Par,Frequency,Basis)'''</div><br/>
-*where, <math>issue</math> is the security's issue date (a date when coupon or a bond is issued)
+*where, <math>Issue</math> is the security's issue date (a date when coupon or a bond is issued)
-*<math>FI</math> is the first interest date
+*<math>FirstInterest</math> is the first interest date
-*<math>settlement</math> is the security's settlement date (a date when coupon or a bond is purchased)
+*<math>Settlement</math> is the security's settlement date (a date when coupon or a bond is purchased)
-*<math>rate</math> is the security's annual coupon rate
+*<math>Rate</math> is the security's annual coupon rate
-*<math>par</math> is the security's par value
+*<math>Par</math> is the security's par value
-*<math>frequency</math> is the number of coupon payments per year
+*<math>Frequency</math> is the number of coupon payments per year
-*<math>basis</math> is the type of day count basis to use
+*<math>Basis</math> is the type of day count basis to use
-*<math>method</math> a logical value that specifies how to calculate total accrued interest when settlement is later than first interest date.
+**ACCRINT() returns the accrued interest for a security that pays periodic interest.
-ACCRINT() calculates the accrued interest for the security that pays periodic interest.
 == Description ==
-ACCRINT(issue, FI, settlement, rate, par, frequency, basis, method)
+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.
-*<math>settlement</math> is the date after issue date when security or bond is purchased by customer.
+*<math>Settlement</math> is the date after issue date when security or bond is purchased by customer.
-*<math>issue</math>, <math>FI</math> and <math>settlement</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.
+*<math>Issue</math>, <math>FirstInterest</math> and <math>Settlement</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>issue</math> &gt;= <math>settlement</math>, displays #N/A error message.
+*If <math>Issue</math> &gt;= <math>settlement</math>, Calci displays #N/A error message.
-*If <math>par</math> is omitted, displays #N/A error message.
+*If <math>Par</math> is omitted, Calci displays #N/A error message.
-*If <math>rate</math> &lt;=0 or <math>par</math> &lt;=0, displays #N/A error message.
+*If <math>Rate</math> &lt;=0 or <math>Par</math> &lt;=0, Calci displays #N/A error message.
-*The values for 'frequency' should be 1,2 or 4.
+*The values for <math>Frequency</math> should be 1,2 or 4.
-For Annual payment, frequency = 1,
+For Annual payment, Frequency = 1,
-For Semi-annual payment, frequency = 2,
+For Semi-annual payment, Frequency = 2,
-For Quarterly payment, frequency = 4.
+For Quarterly payment, Frequency = 4.
-*'basis' value is optional. If omitted, Calci assumes it to be 0.
+*<math>Basis</math> value is optional. If omitted, Calci assumes it to be 0.
-Below table shows the use of 'basis' values:
+Below table shows the use of <math>Basis</math> values:
 {| class="wikitable"
@@ Line 47: / Line 45: @@
 |}
-*If 'basis' value is other than 0 to 4, Calci displays #N/A error message.
+*If <math>Basis</math> value is other than 0 to 4, Calci displays #N/A error message.
-*<math>method</math> can be TRUE or FALSE. If omitted, Calci assumes it to be TRUE.
-*If <math>method</math> = TRUE, it calculates total accrued interest from issue to settlement.
-*If <math>method</math> = FALSE, it calculates total accrued interest from first interest to settlement.
 == Examples ==
-Consider the following example that shows the use of DURATION function:
+Consider the following example that shows the use of ACCRINT function:
 <div id="2SpaceContent" class="zcontent" align="left">
@@ Line 101: / Line 97: @@
   =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 23.889'' as a result.
+  =ACCRINT(DATE(2010,3,5),A2,A3,A4,A5,A6,A7,FALSE) ''displays 23.88888888888889'' as a result.
+==Related Videos==
+{{#ev:youtube|v=Vdz76Op_qjg|280|center|ACCRINT}}
 == See Also ==
@@ Line 111: / Line 111: @@
 *[http://en.wikipedia.org/wiki/Accrued_interest Accrued Interest]
 *[http://en.wikipedia.org/wiki/Day_count_convention Day Count Basis]
+*[[Z_API_Functions | List of Main Z Functions]]
+*[[ Z3 |   Z3 home ]]

Difference between revisions of "Manuals/calci/ACCRINT"

Latest revision as of 03:46, 18 November 2020

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Description

Examples

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