Calculates current full period interest for an Spanish government bond
Introduced in release: 1.0 Component: Non-US (developed mkts) Purpose:
Calculates the extended amount of interest due, taking into account the quantity, for a Spanish government regular bond with an optional interest free period. Specifically it performs calculations on Bonos, and Obligaciones. The interest calculated is for the full period in which the settlement date falls, including settlement within an odd first period.
Special Considerations:
This function has as one of its parameters spgb_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 spgb_convention_flag for details.
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 spgb_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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