Calculate the accrued interest for an Euro MTN at-maturity security
Introduced in release: 1.994 Component: Non-US (developed mkts) Purpose:
Calculate the accrued interest for a Euro MTN at-maturity security
Special Considerations:
This routine can be used for both securities with no coupon payment dates (interest at maturity) and securities with the first coupon date falling on the maturity date (bonds probably mis-coded). See the iam_bond_cf_flag to control how the cash flow is calculated.
Alternatives:
If price and/or yield are required in addition to accrued interest, use the eiam_py_ai routine instead of this routine. If price and/or yield, current yield, duration and convexity measures, interest on interest, etc. are required in addition to accrued interest, use the eiam_risk routine.
Notes:
In addition to accrued interest, other values are returned by the routine - see outputs in Parameter Definition section.
Results:
The returned value is 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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