Documentation/How Tos/Calc: ACCRINT function

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ACCRINT

Calculates the accrued interest for a security with periodic interest payments.

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

Syntax:

ACCRINT(issue; first_interest; settlement; rate; par; frequency; basis)

issue: the issue date of the security.
first_interest: the first interest 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.
frequency: the number of interest payments per year (1, 2 or 4).
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:

ACCRINT("2001-2-28"; "2001-8-31"; "2001-5-1"; 0.1; 1000; 2; 0)

returns approximately 16.94444.



See Also
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