Calculates current full period interest for a Mexican government bond
Introduced in release: 1.0 Component: Non-US (emerging mkts) Purpose:
Calculates the extended amount of interest due, taking into account the quantity, for a Mexican government regular bond, odd first coupon bond, odd last coupon bond, or odd first and last coupon bond. The interest calculated is for the full period in which the settlement date falls, including settlement within an odd period.
Special Considerations:
In this routine the current period always includes the settlement day.
Notes:
This routine is intended for use in calculating future cash flows. If the settlement date is a coupon payment date, the return value is the amount of interest due to be paid on the next coupon payment date. In this particular case the calculation differs from that provided by mxgb_pip, which calculates the prior period's interest due to be paid on the current coupon/settlement date (the calculated amounts will differ only for odd coupon periods).
The settlement date used by this routine can be a settlement/target date.
Results:
The result is returned as a dollar and cents amount, scaled by the quantity and 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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