Calculate Actual Day Count
The actual number of days between the settlement date and the previous coupon date.
Please fix these errors:
Interpretation:
The actual number of days between the settlement date on #EOP# and the previous coupon date on #SOP# is #NumofDays#. For #PmtFreq# coupon payments, this translates to an actual/actual day count convention of #ADDayCount# or #DayCount#. " >So what does this mean? The actual/actual day count convention is typically used to determine the actual number of days between the last coupon payment and the settlement date for a Treasury security. This day-count figure is then used in the accrued interest calculation to determine the additional amount the buyer would pay in order to compensate the seller for his or her portion of lost interest.
OOPS!!!
The result is too small.
Try again.
Related Links:
- Understanding the Time Value of Money - Find out how time really is money by learning to calculate present and future value.
- Advanced Bond Concepts - This detailed tutorial explains some of the more complex concepts and calculations you need to know for trading bonds, including bond pricing, yield, term structure of interest rates, duration, and much more.