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Difference between revisions of "Manuals/calci/PRICEDISC"

(Created page with "<div id="6SpaceContent" class="zcontent" align="left"> '''PRICEDISC'''(SettlementDate, MaturityDate, Discount, Redemption, Basis) where, '''SettlementDate''' - repr...")
 
 
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<div id="6SpaceContent" class="zcontent" align="left">
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<div style="font-size:25px">'''PRICEDISC (SettlementDate,MaturityDate,DiscountRate,RedemptionValue,Basis)'''</div><br/>
  
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'''PRICEDISC'''(SettlementDate, MaturityDate, Discount, Redemption, Basis)
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*where <math>SettlementDate</math> is the security's settlement date (a date when coupon or a bond is purchased),  
 +
*<math>MaturityDate</math> is security's maturity date (a date when coupon or a bond expires),  
 +
*<math>DiscountRate</math> is security's discount rate,
 +
*<math>RedemptionValue</math> is security's redemption value per &#36;100 face value, and
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*<math>Basis</math> is the type of day count basis to use.
 +
**PRICEDISC(), returns the price per $100 face value of a discounted security.
  
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where,
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== Description ==
  
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'''SettlementDate''' - represents the settlement date.
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PRICEDISC (SettlementDate,MaturityDate,DiscountRate,RedemptionValue,Basis)
  
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'''MaturityDate''' - represents the maturity date.
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*The function returns the price of a discounted security per &#36;100 face value.
 +
*PRICEDISC is calculated by subtracting discounted amount from redemption value.
 +
*<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.
 +
*<math>DiscountRate</math> value must be greater than or equal to zero, else calci displays #N/A error message.
 +
*<math>RedemptionValue</math> value must be greater than zero, else 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:
  
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'''Discount''' - represents the discount rate.
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{| class="wikitable"
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|-
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! Basis !! Description
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|-
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| 0 || US (NASD) 30/360
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|-
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| 1 || Actual/actual
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|-
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| 2 || Actual/360
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|-
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| 3 || Actual/365
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|-
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| 4 || European 30/365
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|}
  
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'''Redemption''' - represents the redemption value per $100 face value.
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*If <math>Basis</math> value is other than 0 to 4, Calci displays #N/A error message.
  
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'''Basis''' - type of day count basis
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== Examples ==
  
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'''Basis              Day count basis'''
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<div id="2SpaceContent" class="zcontent" align="left">
  
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0 or omitted    US 30/360
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PRICEDISC (SettlementDate,MaturityDate,DiscountRate,RedemptionValue,Basis) function with inputs in order is calculated as follows:
  
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1                     Actual/actual
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<div id="2SpaceContent" class="zcontent" align="left">
  
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2                     Actual/360
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{| id="TABLE3" class="SpreadSheet blue"
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|- class="even"
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| class="sshl_f" | 2/2/2008
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| class="sshl_f" |
  
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3                     Actual/365
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|- class="odd"
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| class="sshl_f" | 11/2/2016
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| class="sshl_f" |
  
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4                     European 30/360
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|- class="even"
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| class="sshl_f" | 5%
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| class="sshl_f" |
  
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</div>
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|- class="odd"
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----
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| class="sshl_f" | 100
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<div id="1SpaceContent" class="zcontent" align="left">
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| class="sshl_f" |
  
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It returns the price per $100 face value of a discounted.
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|- class="even"
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| class="sshl_f" | 1
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| class="sshl_f" |
  
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'''Formula''':-
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|}
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PRICEDISC =(Redemption-Discount )x Redemption x (D/N)
 
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where,
 
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D - number of days from settlement to maturity.
 
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N - number of days in year
 
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</div>
 
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----
 
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<div id="7SpaceContent" class="zcontent" align="left">
 
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If Basis &lt; 0 or Basis &gt; 4 , PRICEDISC returns the #ERROR.
 
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If Discount &lt;= 0, it returns the #ERROR.
 
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If SettlementDate &gt;= MaturityDate, PRICEDISC returns #ERRROR.
 
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If Redemption &lt;= 0, PRICEDISC returns the #ERROR.
 
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</div>
 
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----
 
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<div id="12SpaceContent" class="zcontent" align="left"><div class="ZEditBox" align="left">
 
  
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PRICEDISC
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=PRICEDISC(A1,A2,A3,A4,A5) : Calculates the Discounted Price Value with the inputs in the range A1 to A5. Returns ''56.33879781420765''.
  
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</div></div>
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==Related Videos==
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----
 
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<div id="8SpaceContent" class="zcontent" align="left">
 
  
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Lets see an example in (Column2, Row6)
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{{#ev:youtube|v=zEG9RXcQQr4|280|center|PRICEDISC}}
  
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<nowiki>=PRICEDISC(R1C1, R2C1, R3C1, R4C1, R5C1)</nowiki>
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== See Also ==
  
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PRICEDISC returns 97.852841.
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*[[Manuals/calci/PRICE | PRICE]]
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*[[Manuals/calci/PRICEMAT | PRICEMAT]]
  
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Consider another example
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== References ==
  
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<nowiki>=PRICEDISC(date(1/1/2027),date(2/2/2008), "5%", 100,2)</nowiki>
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*[http://en.wikipedia.org/wiki/Bond_valuation Bond Valuation]
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*[http://en.wikipedia.org/wiki/Day_count_convention Basis Convention]
  
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It returns #ERROR(SettlementDate &gt; MaturityDate).
 
  
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</div>
 
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----
 
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<div id="10SpaceContent" class="zcontent" align="left"><div class="ZEditBox" align="justify">Syntax </div><div class="ZEditBox"><center></center></div></div>
 
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----
 
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<div id="4SpaceContent" class="zcontent" align="left"><div class="ZEditBox" align="justify">Remarks </div></div>
 
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----
 
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<div id="3SpaceContent" class="zcontent" align="left"><div class="ZEditBox" align="justify">Examples </div></div>
 
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----
 
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<div id="11SpaceContent" class="zcontent" align="left"><div class="ZEditBox" align="justify">Description </div></div>
 
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----
 
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<div id="2SpaceContent" class="zcontent" align="left">
 
  
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{| id="TABLE3" class="SpreadSheet blue"
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*[[Z_API_Functions | List of Main Z Functions]]
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|- class="even"
 
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| class=" " |
 
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| Column1
 
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| class="sshl_f  " | Column2
 
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| Column3
 
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| Column4
 
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|- class="odd"
 
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| class=" " | Row1
 
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| class=" " | 2/2/2008
 
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| class="sshl_f    " |
 
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|
 
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|
 
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|- class="even"
 
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| class="  " | Row2
 
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| class=" " | 11/2/2008
 
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| class="sshl_fSelectTD  SelectTD ChangeBGColor" |
 
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|
 
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|
 
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|- class="odd"
 
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| Row3
 
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| class=" " | 5%
 
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| class="  " |
 
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| class="  " |
 
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|
 
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|- class="even"
 
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| Row4
 
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| class=" " | 100
 
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|
 
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|
 
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|
 
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|- class="odd"
 
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| class=" " | Row5
 
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| class="sshl_f " | 4
 
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|
 
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|
 
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|
 
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|- class="even"
 
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| Row6
 
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| class="sshl_f" | 96.263889
 
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|
 
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|
 
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|
 
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|}
 
  
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<div align="left">[[Image:calci1.gif]]</div></div>
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*[[ Z3 |  Z3 home ]]
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----
 

Latest revision as of 15:02, 16 November 2018

PRICEDISC (SettlementDate,MaturityDate,DiscountRate,RedemptionValue,Basis)


  • where 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 SettlementDate} is the security's settlement date (a date when coupon or a bond is purchased),
  • 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 MaturityDate} is security's maturity date (a date when coupon or a bond expires),
  • 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 DiscountRate} is security's discount rate,
  • 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 RedemptionValue} is security's redemption value per $100 face value, 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 Basis} is the type of day count basis to use.
    • PRICEDISC(), returns the price per $100 face value of a discounted security.

Description

PRICEDISC (SettlementDate,MaturityDate,DiscountRate,RedemptionValue,Basis)

  • The function returns the price of a discounted security per $100 face value.
  • PRICEDISC is calculated by subtracting discounted amount from redemption 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 SettlementDate} 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 MaturityDate} 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 SettlementDate} ≥ 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 MaturityDate} , Calci displays #N/A error message.
  • 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 DiscountRate} value must be greater than or equal to zero, else calci displays #N/A error message.
  • 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 RedemptionValue} value must be greater than zero, else Calci displays #N/A error message.
  • 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

PRICEDISC (SettlementDate,MaturityDate,DiscountRate,RedemptionValue,Basis) function with inputs in order is calculated as follows:

2/2/2008
11/2/2016
5%
100
1 
=PRICEDISC(A1,A2,A3,A4,A5) : Calculates the Discounted Price Value with the inputs in the range A1 to A5. Returns 56.33879781420765.

Related Videos

PRICEDISC

See Also

References


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