IFinance.Intrate

Syntax

Intrate(Settlement: DateTime; Maturity: DateTime; Investment: Double; Redemption: Double; [Basis: Integer = 0]): Double;

Parameters

Settlement. The payment day on securities. Must be less than Maturity

Maturity. The security's maturity date. Must be greater than Settlement

Investment. The amount invested in securities. Must be positive.

Redemption. Amount received at maturity for a fully invested security. Must be positive.

Basis. The day calculation method used. Select a value from 0 to 4:

0. Day calculation method - American/360 days (NSAD method). Default value.
1. Day calculation method - Actual/actual.
2. Day calculation method - Actual/360 days.
3. Day calculation method - Actual/365 days.
4. Day calculation method - European 30/360 days.

Optional parameter.

Description

The Intrate method returns the interest rate for fully invested securities.

Comments

Intrate is calculated using the following formula:

where:

B. The number of days in a year that depends on the selected Basis argument value.
DIM. The number of days from settlement date to maturity date.

Example

Add a link to the MathFin system assembly.

Sub UserProc;
Var
    r: Double;
Begin
    r := Finance.Intrate(DateTime.ComposeDay(2008,01,01), DateTime.ComposeDay(2008,06,01), 1500.5, 1600.4, 0);
    Debug.WriteLine(r);
End Sub UserProc;

After executing the example the console window displays the interest rate equal to 0.16.