Calculate bond accrued interest - the coupon custody is determined by the trade date
Introduced in release: 1.0 Component: Non-US (developed mkts) Purpose:
Calculates the accrued interest for a regular bond or odd first coupon bond where the coupon custody is determined by the trade date and not the settlement date. It also returns adjusted first coupon values to be passed to other routines.
Special Considerations:
Since the coupon custody is determined by the trade date the amount of the accrued interest can be greater than one periods interest.
Results:
All results are calculated using the industry standard rules or generally accepted practices. The routine returns the accrued interest per 100 of maturity value accurate to as many places as supported by a double precision value.
Error Conditions:
Returned values should be ignored for a non-zero status. See Errors.
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