Calculates accrued interest for an ISMA bond - cum dividend only
Introduced in release: 1.0 Component: Non-US (developed mkts) Purpose:
Calculates the accrued interest for an ISMAregular bond or odd first 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.
Alternatives:
If price and/or yield are required in addition to accrued interest, use the isma_py_ol routine instead of this routine. If you have a bond with an odd last coupon period use isma_99_exai.
Notes:
In addition to accrued interest, other values are returned by the routine - see outputs in Parameter Definition section.
Results:
All results are calculated using industry standard rules. 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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