IFinance.Accrint

Fore Syntax

Accrint(Issue: DateTime;

FirstInterest: DateTime;

Settlement: DateTime;

Rate: Double;

NominalCost: Double;

Frequency: Integer;

Basis: Integer): Double;

Fore.NET Syntax

Accrint(Issue: System.DateTime;

FirstInterest: System.DateTime;

Settlement: System.DateTime;

Rate: double;

NominalCost: double;

Frequency: integer;

Basis: integer): double;

Parameters

Parameters	Description	Constraints
Issue	Securities issue date.	Must be less than Settlement.
FirstInterest	The date of first interest payment.
Settlement	Securities settlement date.	Must be greater than Issue.
Rate	Annual interest rate for securities coupons.	Must be positive.
NominalCost	Securities face value.	Must be positive.
Frequency	The number of payments for coupons in a year: 1 - for annual payments. 2 - for semi-annual payments. 4 - for quarterly payments.	Must take the values 1, 2 or 4.
Basis	The method of day calculation in use: 0 - American/360 days (NSAD method). 1 - Factual/factual. 2 - Factual/360days. 3 - Factual/365 days. 4 - European 30/360 days.	Must be in the [0,4] interval.

Description

The Accrint method returns accumulated interest for securities with regular payment of interest.

Comments

Accrint is calculated using the following formula:

Where:

NC. The number of quasi coupon periods, which fit into the remaining period. If this number has a decimal part, it is rounded up to the next integer.
Ai. The number of accumulated days for i-th quasi coupon period in the remaining payment period.
NLi. Normal duration in days of i-th quasi coupon period in the remaining period.

Fore Example

To execute the example, add a link to the MathFin system assembly.

Sub UserProc;
Var
    r: Double;
Begin
    r := Finance.Accrint(DateTime.ComposeDay(2008,01,11),
        DateTime.ComposeDay(2008,02,11), DateTime.ComposeDay(2008,03,11), 0.1, 1000, 2, 0);
    Debug.WriteLine(r);
End Sub UserProc;

After executing the example the console window displays the accumulated percent that is equal to 16.67.

Fore.NET Example

The requirements and result of the Fore.NET example execution match with those in the Fore example.

Imports Prognoz.Platform.Interop.MathFin;
…
Public Shared Sub Main(Params: StartParams);
Var
    r: double;
    Finance: FinanceClass = New FinanceClass();
    DateTime1, DateTime2, DateTime3: System.DateTime;
Begin
    DateTime1 := New DateTime(2008,01,11);
    DateTime2 := New DateTime(2008,02,11);
    DateTime3 := New DateTime(2008,03,11);
    r := Finance.Accrint(DateTime1, DateTime2, DateTime3, 0.1, 1000, 2, 0);
    System.Diagnostics.Debug.WriteLine(r);
End Sub;