Faccrint()

Description:

The function equals the Excel ACCRINT function.

Syntax:

Faccrint(first_interest,settlement,issue;rate,par)

Note:

The function returns the accrued interest for a security that pays periodic interest. Specify the day count basis method US (NASD) 30/360.

Parameters:

first_interest

The security's first interest date

settlement

The security's settlement date, i.e. the date after the issue date by which a buyer must pay for the security

issue

The issue date of the security

rate

The security's annual coupon rate

par

The security's par value. If omitted, it takes the default value of zero for 100

Options

@2

Semi-annually. It corresponds to the Excel frequency parameter.

@4

Quaterly. It corresponds to the Excel frequency parameter.

@1

Specify the day count basis method Actual/Actual. It corresponds to the Excel basis parameter.

@0

Specify the day count basis method Actual/360. It corresponds to the Excel basis parameter.

@5

Specify the day count basis method Actual/365. It corresponds to the Excel basis parameter.

@e

Specify the day count basis method European 30/360. It corresponds to the Excel basis parameter.

Example:

Faccrint@2(date("2000-10-1"),date("2000-6-1"),date("2000-1-8"):0.1,2000)

79.44444444444444

Faccrint@1(date("2000-10-1"),date("2000-6-1"),date("2000-1-8"):0.1,2000)

108.2089552238806