Special Considerations:
ISMA rules call for all bonds to be traded cum dividend (without an ex-dividend provision). This routine performs ISMA methodology calculations including an ex-dividend provision.
Notes:
The ex-dividend status can be determined using either the trade or settlement date. When the bond is trading ex-dividend the accrued interest will be negative. 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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