IFinance.OddlPrice

Fore Syntax

OddlPrice(Settlement: DateTime;

Maturity: DateTime;

LastCouponDate: DateTime;

Rate: Double;

YieldP: Double;

Redemption: Double;

Frequency: Integer;

Basis; Ingteger): Double;

Fore.NET Syntax

OddlPrice(Settlement: System.DateTime;

Maturity: System.DateTime;

LastCouponDate: System.DateTime;

Rate: double;

YieldP: double;

Redemption: double;

Frequency: integer;

Basis; ingteger): double;

Parameters

Parameters	Description	Constraints
Settlement	Securities settlement date.	Must be greater than LastCouponDate.
Maturity	Securities maturity date.	Must be greater than Settlement.
LastCouponDate	Securities last coupon date.	Must be less than Settlement.
Rate	Securities interest rate.	Cannot be negative.
YieldP	Securities annual profit.	Cannot be negative.
Redemption	Redemption price for $100 of 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 employed method of day calculation: 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 OddlPrice method returns the price for 100 rubles of the face value for an irregular (short or long) last coupon period.

Comments

The agreement date is the date of selling a coupon, for example, a bond, to the buyer. The payment date is the coupon expiry date. For example, a bond with duration of 30 years was issued on Jan 1 2008 and was acquired by a buyer in 6 months after the issue date. For example, a bond with duration of 30 years was issued on Jan 1 2008 and was acquired by a buyer in 6 months after the issue date. The issue date is Jan 1 2008, the settlement date - July 1 2008, and the maturity date is Jan 1 2038, that is 30 years after the issue date.

Fore Example

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

Sub UserProc;
Var
    r: Double;
Begin
    r := Finance.OddlPrice(DateTime.ComposeDay(2008,02,07), DateTime.ComposeDay(2008,06,15),
        DateTime.ComposeDay(2007,10,15), 0.1275, 0.1025, 200, 4, 3);
    Debug.WriteLine(r);
End Sub UserProc;

After executing the example the console window displays the price equal to 197.2097.

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(2008,02,07);
    DateTime2 := New DateTime(2008,06,15);
    DateTime3 := New DateTime(2007,10,15);
    r := Finance.OddlPrice(DateTime1, DateTime2, DateTime3, 0.1275, 0.1025, 200, 4, 3);
    System.Diagnostics.Debug.WriteLine(r);
End Sub;