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gmis_py_ai

gmis_py_ai (routine)

Calculate ISMA method bond dollar price, yield to maturity and accrued interest for German government securities

Introduced in release: 1.0
Component: Non-US (developed mkts)
Purpose: Calculates either dollar price or yield to maturity and accrued interest using the ISMA method for a German government regular bond, odd first coupon bond, odd last coupon bond, and odd first and last coupon bond. Specifically it performs calculations on Bund and Bahn, Post, Unities, and Schatze.

Notes: This routine can optionally perform its calculations considering an input ex-dividend date. To calculate an ex-dividend date use the gmis_exd routine.

Results: All results are calculated using the industry standard rules or generally accepted practices. The variable calculated contains the calculated dollar price or yield to redemption to as many places as possible. The variable ai contains 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.
Last Mod Date: 05/05/1994© 2001 TIPS, Inc.Doc Version: 5.0