Difference between revisions of "Manuals/calci/RECEIVED"
Jump to navigation
Jump to search
| (4 intermediate revisions by 3 users not shown) | |||
| Line 1: | Line 1: | ||
| − | =RECEIVED(SettlementDate, MaturityDate, Investment, | + | <div style="font-size:30px">'''RECEIVED (SettlementDate,MaturityDate,Investment,DiscountRate,Basis)'''</div><br/> |
| − | |||
*where, <math>SettlementDate</math> is the security's settlement date (a date when coupon or a bond is purchased) | *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>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>Investment</math> is the amount invested in security | ||
| − | *<math> | + | *<math>DiscountRate</math> is the security's discount rate |
*<math>Basis</math> is the type of day count basis to use | *<math>Basis</math> is the type of day count basis to use | ||
| − | + | **RECEIVED(), returns the amount received at maturity for a fully invested security. | |
| − | RECEIVED() | ||
== Description == | == Description == | ||
| Line 13: | Line 11: | ||
*<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. | *<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>SettlementDate</math> >= <math>MaturityDate</math>, Calci displays #N/A error message. | ||
| − | *If <math>Investment</math> <=0 or <math> | + | *If <math>Investment</math> <=0 or <math>DiscountRate</math> <=0, Calci displays #N/A error message. |
*<math>Basis</math> 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 <math>Basis</math> values: | Below table shows the use of <math>Basis</math> values: | ||
| Line 37: | Line 35: | ||
Maturity', the RECEIVED is calculated as - | Maturity', the RECEIVED is calculated as - | ||
| − | <math>RECEIVED = \frac{Investment}{1-(Discount X \frac{D}{B})}</math> | + | <math>RECEIVED = \frac{Investment}{1-(Discount X \frac{D}{B})}</math> |
| − | |||
== Examples == | == Examples == | ||
| Line 80: | Line 77: | ||
=RECEIVED(A1,A2,A3,A4,A5) displays ''1568435.6540840461'' as a result. | =RECEIVED(A1,A2,A3,A4,A5) displays ''1568435.6540840461'' as a result. | ||
=RECEIVED(C1,C2,C3,C4) displays ''53191.48936170212'' as a result. | =RECEIVED(C1,C2,C3,C4) displays ''53191.48936170212'' as a result. | ||
| + | |||
| + | ==Related Videos== | ||
| + | |||
| + | {{#ev:youtube|I7FDx4DPapw|280|center|BOND AND INTEREST RATE}} | ||
== See Also == | == See Also == | ||
| Line 89: | Line 90: | ||
*[http://en.wikipedia.org/wiki/Bond_(finance)#Maturity Maturity] | *[http://en.wikipedia.org/wiki/Bond_(finance)#Maturity Maturity] | ||
*[http://en.wikipedia.org/wiki/Day_count_convention Day Count Basis] | *[http://en.wikipedia.org/wiki/Day_count_convention Day Count Basis] | ||
| + | |||
| + | |||
| + | |||
| + | *[[Z_API_Functions | List of Main Z Functions]] | ||
| + | |||
| + | *[[ Z3 | Z3 home ]] | ||
Latest revision as of 16:24, 22 August 2018
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.
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
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.
Related Videos
See Also
References