Difference between revisions of "Documentation/How Tos/Calc: ACCRINTM function"

Latest revision as of 10:48, 31 January 2024

ACCRINTM

Calculates the accrued interest for a security that pays at maturity.

This function is only available if the Analysis AddIn is installed.

Syntax:

ACCRINTM(issue; settlement; rate; par; basis)

issue: the issue date of the security.

settlement: the date at which the interest accrued up until then is to be calculated.

rate: the annual nominal rate of interest (coupon interest rate)

par: the par value of the security.

basis: is chosen from a list of options and indicates how the year is to be calculated. Defaults to 0 if omitted.

0 - US method (NASD), 12 months of 30 days each

1 - Exact number of days in months, exact number of days in year

2 - Exact number of days in month, year has 360 days

3 - Exact number of days in month, year has 365 days

4 - European method, 12 months of 30 days each

Example:

ACCRINTM("2001-4-1"; "2001-6-15"; 0.1; 1000; 3)

returns approximately 20.54795.

• ACCRINT
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