Calculate Canadian government odd last bond accrued interest
Introduced in release: 1.25 Component: Non-US (developed mkts) Purpose:
Calculates the accrued interest for a Canadian government regular bond, odd first coupon bond or odd first and last coupon bond. It also returns adjusted first coupon values to be passed to other routines.
Alternatives:
If price and/or yield are required in addition to accrued interest, use the cngb_py_ol routine instead of this routine. If price and/or yield, current yield, estimated Macaulay duration, estimated convexity, interest on interest, etc. are required in addition to accrued interest, use the cngb_risk_ol routine.
Use cngb_ai if there is no odd last period and calculation performance is an issue
Notes:
In addition to accrued interest, other values are returned by the routine - see outputs in Parameter Definition section.
Results:
The accrued interest per 100 of maturity value is returned, accurate to as many places as possible.
Error Conditions:
Returned values should be ignored for a non-zero status. See Errors.
Main Index
TIPS Home