ACCRINTM
Updated: 5 August 2010
Use ACCRINTM to calculate the accrued interest for a security that pays interest at maturity.
Syntax
SELECT [westclintech].[wct].[ACCRINTM] (
<@Issue, datetime,>
,<@Settlement, datetime,>
,<@Rate, float,>
,<@Par, float,>
,<@Basis, nvarchar(4000),>)
Arguments
@Issue
the issue date of the security. @Issue is an expression that returns a datetime or smalldatetime value, or a character string in date format.
@Settlement
the settlement date occurring within the coupon period of the security. @Settlement is an expression that returns a datetime or smalldatetime value, or a character string in date format.
@Rate
the coupon rate of the security expressed in decimal terms. @Rate is an expression of type float or of a type that can be implicitly converted to float.
@Par
the par value of the security. @Par is an expression of type float or of a type that can be implicitly converted to float.
@Basis
is the type of day count to use. @Basis is an expression of the character string data type category.
|
Basis
|
Day count basis
|
|
0 or omitted
|
US (NASD) 30/360
|
|
1
|
Actual/Actual
|
|
2
|
Actual/360
|
|
3
|
Actual/365
|
|
4
|
European 30/360
|
Return Type
float
Remarks
· If @Basis < 0 or @Basis > 4, ACCRINTM returns an error
Examples
SELECT wct.ACCRINTM('04/01/2008'
,'06/15/2008'
,.1
,1000
,3)
Here is the result set
----------------------
20.5479452054795
See Also