Hi,
While i am calculating amortization the value is deffers with client valuation.
My client is using XIRR method(excel calculation) which is available in attached .xls.
Followings are my fixed investment bond details(04I).
Security: 8.07% GOI 2017
Coupon Rate:8.07%
Maturity Date: 03-jul-17
Value Date: 14-Sep-12
Face Value:90000000
Price:99.50
Book Value:89550000
Accrued Interest:1432425
Yeild-8.1931
While I am running TPM1 through above datils it gives me 2322 insted of 2667 for 30092012. and system is calculating amortization days 91 days where as 88 days in client calculations.
and we are following SAC method with including intrest,
So requesting you to clarify whether i am following correct procedure or not.
Regards,
Krishna Reddy T