IFinance.AccrintM

Fore Syntax

AccrintM(Issue: DataTime;

Settlement: DataTime;

Rate: Double;

NominalCost: Double;

Basis: Integer): Double;

Fore.NET Syntax

AccrintM(Issue: System.DataTime;

Settlement: System.DataTime;

Rate: double;

NominalCost: double;

Basis: integer): double;

Parameters

Parameters Description Constraints
Issue Securities issue date. Must be less than Settlement.
Settlement Securities settlement date. Must be greater than Issue.
Rate Annual interest rate for securities coupons. Must be positive.
NominalCost Principal value of the securities. Must be positive.
Basis The employed method of day calculation:
0 - American/360 days (NSAD method).
1 - Actual/factual.
2 - Actual/360days.
3 - Actual/365 days.
4 - European 30/360 days.
Must be in the [0,4] interval.

Description

The AccrintM method returns accumulated interest for the securities, for which the interest must be paid on settlement date.

Comments

AccrintM is calculated using the following formula:

Where:

Fore Example

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

Sub UserProc;
Var
    r: Double;
Begin
    
r := Finance.AccrintM(DateTime.ComposeDay(2008,01,12), DateTime.ComposeDay(2008,06,13), 111003);
    Debug.WriteLine(r);
End Sub UserProc;

After executing the example the console window displays the value of accumulated percent that is equal to 461.096.

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: System.DateTime;
Begin
    DateTime1 := New DateTime(2008,01,12);
    DateTime2 := New DateTime(2008,06,13);
    r := Finance.AccrintM(DateTime1, DateTime2, 111003);
    System.Diagnostics.Debug.WriteLine(r);
End Sub;

See also:

IFinance