Go To Documentation Main IndexMain Index
Go To TIPS, Inc.TIPS Home
isma_1di

isma_1di (routine)

Calculates one day's interest for an ISMA bond

Introduced in release: 1.0
Component: Non-US (developed mkts)
Purpose: Calculates the amount of interest earned from the day before the settlement date to settlement, taking into account the quantity, for an ISMA regular bond, odd first coupon bond, odd last coupon bond, and odd first and last coupon bond.

Special Considerations: This function has as one of its parameters isma_convention_flag, a flag which specifies the convention to use in performing the calculation. The flag allows for auto determination or specification of the convention. Please review the documentation of isma_convention_flag for details.

Notes: The settlement date used by this routine can be a settlement/target date.

Results: The returned value is the interest, scaled by the quantity, 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: 10/20/1998© 2001 TIPS, Inc.Doc Version: 5.0