Difference between revisions of "Manuals/calci/ACCRINT"

Revision as of 16:13, 19 July 2018

ACCRINT(issue, FI, settlement, rate, par, frequency, basis, method)

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
$Frequency$ is the number of coupon payments per year
$Basis$ 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.
$Settlement$ is the date after issue date when security or bond is purchased by customer.
$Issue$ , $FirstInterest$ and $Settlement$ 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 $Issue$ >= $settlement$ , Calci displays #N/A error message.
If $Par$ is omitted, Calci displays #N/A error message.
If $Rate$ <=0 or $Par$ <=0, Calci displays #N/A error message.
The values for $Frequency$ should be 1,2 or 4.

For Annual payment, Frequency = 1,

For Semi-annual payment, Frequency = 2,

For Quarterly payment, Frequency = 4.

$Basis$ value is optional. If omitted, Calci assumes it to be 0.

Below table shows the use of $Basis$ values:

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

If $Basis$ 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 23.889 as a result.

References

List of Main Z Functions

Z3 home

@@ Line 1: / Line 1: @@
 <div style="font-size:25px">'''ACCRINT(issue, FI, settlement, rate, par, frequency, basis, method)'''</div><br/>
-*where, <math>issue</math> is the security's issue date (a date when coupon or a bond is issued)
+<div style="font-size:25px">'''ACCRINT (Issue,FirstInterest,Settlement,Rate,Par,Frequency,Basis)'''</div><br/>
-*<math>FI</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>rate</math> is the security's annual coupon rate
-*<math>par</math> is the security's par value
-*<math>frequency</math> is the number of coupon payments per year
-*<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() calculates the accrued interest for the security that pays periodic interest.
+*where, <math>Issue</math> is the security's issue date (a date when coupon or a bond is issued)
+*<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>Rate</math> is the security's annual coupon rate
+*<math>Par</math> is the security's par value
+*<math>Frequency</math> is the number of coupon payments per year
+*<math>Basis</math> is the type of day count basis to use
+ACCRINT() returns the accrued interest for a 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>, Calci 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, Calci 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, Calci 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 <math>frequency</math> 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.
-*<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:
 {| class="wikitable"
@@ Line 46: / Line 48: @@
 |}
-*If <math>basis</math> 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 ==

Difference between revisions of "Manuals/calci/ACCRINT"

Revision as of 16:13, 19 July 2018

Contents

Description

Examples

Related Videos

See Also

References

Navigation menu

Search