IFinance.TBillPrice

Syntax

TBillPrice(Settlement: DateTime, Maturity: DateTime, Discount: Double): Double;

Parameters

Settlement. The treasury bill's settlement date

Maturity. Maturity date for the Treasury bill

Discount. Discount for a treasurer's bill.

Description

The TBillPrice method returns price for $100 of principal value for a treasury bill.

Comments

The Settlement parameter value should not be less than the Maturity parameter value.

Value of the Discount parameter must be positive.

The method is calculated as follows:

where:

DSM. Number of days from the Settlement calculation date to the Maturity maturity date calculated basing on 360 day year.

Example

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

Sub UserProc;
Var
    r: Double;
Begin
    r := Finance.TBillPrice(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 value equal to 91.67.