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Old May 18th 05, 08:31 AM
ASHAR ZUKA FAROOQI
 
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Default how do we calculate T-bill Price in 365 days year.

In Pakistan we calculate T- bill Prices on the basis of 365 yaers a day. In
the formual of T-bill Price the basis of 360 days a year. So we found an
error of calculation. Please advice me.
Regards

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Old May 18th 05, 08:59 AM
Andy Wiggins
 
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According to the Help file, the formula to calculate TBILLPRICE is:
100*(1-discount%*(Maturity Date - Settlement Date)/360).
Use this instead of the provided function and change 360 to 365.

--
Andy Wiggins FCCA
www.BygSoftware.com
Excel, Access and VBA Consultancy
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"ASHAR ZUKA FAROOQI" <ASHAR ZUKA wrote in
message ...
In Pakistan we calculate T- bill Prices on the basis of 365 yaers a day.

In
the formual of T-bill Price the basis of 360 days a year. So we found an
error of calculation. Please advice me.
Regards



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Old May 18th 05, 01:53 PM
Bernard Liengme
 
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So you could also use =TBILLPRICE(....)*360/365
--
Bernard V Liengme
www.stfx.ca/people/bliengme
remove caps from email

"Andy Wiggins" wrote in message
...
According to the Help file, the formula to calculate TBILLPRICE is:
100*(1-discount%*(Maturity Date - Settlement Date)/360).
Use this instead of the provided function and change 360 to 365.

--
Andy Wiggins FCCA
www.BygSoftware.com
Excel, Access and VBA Consultancy
-

"ASHAR ZUKA FAROOQI" <ASHAR ZUKA wrote
in
message ...
In Pakistan we calculate T- bill Prices on the basis of 365 yaers a day.

In
the formual of T-bill Price the basis of 360 days a year. So we found an
error of calculation. Please advice me.
Regards





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Old May 18th 05, 03:08 PM
Andy Wiggins
 
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Which method would be faster? One using raw Excel, or one going through an
addin function? Obviously it would depend on the user's needs.

--
Andy Wiggins FCCA
www.BygSoftware.com
Excel, Access and VBA Consultancy
-

"Bernard Liengme" wrote in message
...
So you could also use =TBILLPRICE(....)*360/365
--
Bernard V Liengme
www.stfx.ca/people/bliengme
remove caps from email

"Andy Wiggins" wrote in message
...
According to the Help file, the formula to calculate TBILLPRICE is:
100*(1-discount%*(Maturity Date - Settlement Date)/360).
Use this instead of the provided function and change 360 to 365.

--
Andy Wiggins FCCA
www.BygSoftware.com
Excel, Access and VBA Consultancy
-

"ASHAR ZUKA FAROOQI" <ASHAR ZUKA

wrote
in
message ...
In Pakistan we calculate T- bill Prices on the basis of 365 yaers a

day.
In
the formual of T-bill Price the basis of 360 days a year. So we found

an
error of calculation. Please advice me.
Regards









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