Difference between revisions of "Manuals/calci/RECEIVED"
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| − | =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() | + | RECEIVED(), returns the amount received at maturity for a fully invested security. |
== Description == | == Description == | ||
| Line 13: | Line 12: | ||
*<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: | ||
Revision as of 15:36, 27 July 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
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(), returns 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.
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References