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usmb_1di

usmb_1di (routine)

Calculates one day's interest for a US municipal bond

Introduced in release: 1.2
Component: US Bonds
Purpose: Calculates the amount of interest earned from the day before the settlement date to settlement, taking into account the quantity, for a US municipal regular bond, odd first coupon bond, odd last coupon bond, or odd first and last coupon bond.

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: 12/14/1995© 2001 TIPS, Inc.Doc Version: 5.0