IFinance.TBillEq

Fore Syntax

TBillEq(Settlement: DateTime; Maturity: DateTime; Discount: Double): Double;

Fore Syntax

TBillEq(Settlement: System.DateTime; Maturity: System.DateTime; Discount: double): double;

Parameters

Parameters	Description	Constraints
Settlement	Date of settlement of a treasurer's bill.	Must be less than Maturity.
Maturity	Treasury's bill maturity date.	Must be greater than Settlement.
Discount	Discount for a treasury's bill.	Must be positive.

Description

The TBillEq method returns yield for a treasury bill equal to a bond.

Comments

TBillEq is calculated using the following formula:

Where:

DSM - the number of days between the Settlement and Maturity arguments calculated on the basis of a 360 days year.

Fore Example

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

Sub UserProc;
Var
    r: Double;
Begin
    r := Finance.TBillEq(DateTime.ComposeDay(2007,01,01), DateTime.ComposeDay(2008,09,01), 0.05);
    Debug.WriteLine(r);
End Sub UserProc;

After executing the example the console window displays the yield equal to 0.0553.

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(2007,01,01);
    DateTime2 := New DateTime(2008,09,01);
    r := Finance.TBillEq(DateTime1, DateTime2, 0.05);
    System.Diagnostics.Debug.WriteLine(r);
End Sub;