YEARBASIS(Date, Basis)
where
- represents a start date, and
- is the type of day count basis to use.
YEARBASIS() calculates the number of days in the year for the mentioned date with respect to basis count.
Description
YEARBASIS(Date, Basis)
- YEARBASIS() returns the number of days in the year for the mentioned date with respect to basis count.
- should be entered either in 'date format' or 'date returned using formula'. If date is not valid, Calci displays #N/A error message.
- value is optional. If omitted, Calci assumes it to be 0.
- We can use the DD/MM/YYYY format also. For Example:"14/5/2005[DD/MM/YYYY]".
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 30/360 |
- If value is other than 0 to 4, Calci displays #N/A error message.
Examples
YEARBASIS(Date, Basis) function with inputs in order is calculated as follows:
| 1/4/2008 | |
| 10/10/2008 | |
| 4 |
=YEARBASIS(A1,A3) : Calculates the number of days in the year for cell A1 for basis count 4. Returns 360 as a result.
=YEARBASIS(A2,A3) : Calculates the number of days in the year for cell A2 for basis count 4. Returns 360 as a result.
=YEARBASIS(DATE(2014,1,1),0) : Calculates the number of days in the year for the specified date for basis count 0.
Returns 360 as a result.
=YEARBASIS(DATE(2014,1,1),1) : Calculates the number of days in the year for the specified date for basis count 1.
Returns 365 as a result.
=YEARBASIS(DATE(2014,1,1),2) : Calculates the number of days in the year for the specified date for basis count 2.
Returns 360 as a result.
=YEARBASIS(DATE(2014,1,1),3) : Calculates the number of days in the year for the specified date for basis count 3.
Returns 365 as a result.
=YEARBASIS(DATE(2014,1,1)) : Calculates the number of days in the year for the specified date. Here basis count is omitted.
Returns 360 as a result. =YEARBASIS("21/10/2042[DD/MM/YYYY]") =360
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See Also
References