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Name of Formula:
DISC(settlement, maturity, price,redemption, basis)
Definition/Description of Formula:
This Function calculates Discount rates for a security
settlement- Enter the date after issuance when the security is delivered to the buyer.
maturity- The end date of the security, when it could be redeemed.
price- The price at which the security is bought.
redemption- The redemption value of the security.
0by default ] - An indicator of what day count method to use.
0, this calculates based on a 30 day month and 360 day year, but adjusts end-of-month dates according to European financial conventions.
TO_DATE formulas to enter the date
Step 1. To begin to use DISC formula, start with the Excellentable you would like to edit..
Step 2. Then type the DISC formula into the cell you have chosen to display the outcome:
Step 3. Enter in the values needed to achieve your final outcome.
Step 4. Once saved, your completed formula will display in a confluence page like this.