RATES OF RETURN 
Annuity Calculations 
CUMODDFIPMT new! 
Cumulative interest on the periodic annuity payments between a start period and an end period 
CUMODDFPPMT new! 
Cumulative principal on the periodic annuity payments between a start period and an end period 
FV 
Future Value 
FVGA 
Future Value of a Growing Annuity 
FVSCHEDULE 
Future Value based on Compound Rates 
NOMINAL 
Annual Nominal Interest Rate 
NPER 
Number of Periods 
NPERGA 
Number of Periods of a Growing Annuity 
ODDFIPMT new! 
Interest portion of a periodic payment for an annuity with an odd first period 
ODDFPMT new! 
Periodic payment for an annuity with an odd first period 
ODDFPMTSCHED new! 
Generate Amortization schedule for an annuity with odd first period (tablevalued function) 
ODDFPPMT new! 
Principal portion of a periodic payment for an annuity with an odd first period 
ODDFPV new! 
Present value of an annuity with an odd first period 
ODDFRATE new! 
Periodic interest rate for an annuity where the first period is longer or shorter than the other periods 
ODDPV 
Present value of an annuity with an odd first period 
PMTGA 
Initial Payment of a Growing Annuity 
PV 
Present Value 
PVGA 
Present Value of a Growing Annuity 
RATE 
Interest Rate of an Annuity 


Internal Rates of Return 
AMORTIZECASHFLOWS 
Generate a schedule of discounted cash flow values ^{†} (tablevalued function) 
IRR 
Internal Rate of Return 
IRR_q 
Internal Rate of Return ^{†} 
MIRR 
Modified Internal Rate of Return 
MIRR_q 
Modified Internal Rate of Return ^{†} 
XIRR 
Internal Rate of Return with nonperiodic cashflows 
XIRR_q 
Internal Rate of Return with nonperiodic cashflows ^{†} 
XMIRR 
Modified Internal Rate of Return with nonperiodic cashflows Not available for SQL2005 


Money Weighted Rate of Return 
GTWRR 
Generalized timeweighted rate of return Not available for SQL2005 
LMDIETZ 
Linked Modified Dietz Not available for SQL2005 


Net Present Value 
EFV 
Enhanced Future Value 
ENPV 
Enhanced Net Present Value 
ENPV_q 
Enhanced Net Present Value ^{†} 
EPV 
Enhanced Present Value 
NFV 
Net Future Value Not available for SQL2005 
NPV 
Net Present Value 
NPV_q 
Net Present Value ^{†} 
XDCF 
Discounted cash flows value of a series of irregular cash flows Not available for SQL2005 
XFV 
Future Value of a Cashflow between two dates 
XNFV 
Net Future Value for nonperiodic cashflows Not available for SQL2005 
XNPV 
Net Present Value for nonperiodic cashflows 
XNPV_q 
Net Present Value for nonperiodic cashflows ^{†} 
XPV 
Discounted Value of a Cashflow between two dates 


Time Weighted Rate of Return 
EMDIETZ 
Enhanced Modified Dietz Not available for SQL2005 
MDIETZ 
Modified Dietz ^{†} 
MDIETZ_q 
Modified Dietz ^{†} 
TWROR 
Timeweighted rate of return with market value indicators Not available for SQL2005 
TWRR 
Time Weighted Rate of Return Not available for SQL2005 


CAPM  CAPITAL ASSET PRICING MODEL 
EQALPHA 
Intercept of the security characteristic line between an asset and a specified benchmark Not available for SQL2005 
EQBETA 
Correlated volatility (beta) between an asset and a specified benchmark Not available for SQL2005 
EQVOLATILITY 
Calculate historical volatility based upon price or valuation data Not available for SQL2005 
INFORATIO 
Information ratio based upon return data Not available for SQL2005 
INFORATIO2 
Information ratio based upon price or valuation data Not available for SQL2005 
MAXDD new! 
Calculate the maximum drawdown based on net asset or portfolio values Not available for SQL2005 
MAXDD2 new! 
Calculate the maximum drawdown based on net asset or portfolio returns Not available for SQL2005 
MOIC 
Multiple of Invested Capital 
SHARPE 
Sharpe ratio based upon return data Not available for SQL2005 
SHARPE2 
Sharpe ratio based upon price or valuation data Not available for SQL2005 
SORTINO 
Sortino ratio based upon return data Not available for SQL2005 
SORTINO2 
Calculate the Sortino ratio based upon price data Not available for SQL2005 
TREYNOR 
Treynor ratio based upon return data Not available for SQL2005 
TREYNOR2 
Treynor ratio based upon price or valuation data Not available for SQL2005 


BOND FIGURATION 
Accrued Interest 
ACCINTACT new! 
Accrued interest where coupon amounts are based on number of days in the coupon period 
ACCRINT 
Accrued Interest 
ACCRINTM 
Accrued Interest at Maturity 
AIFACTOR 
Accrued Interest Factor 
AIFACTOR_IAM 
Accrued Interest Factor, Interest at Maturity 
AIFACTOR_OFC 
Accrued Interest Factor, Odd First Coupon 
AIFACTOR_OLC 
Accrued Interest Factor, Odd Last Coupon 
AIFACTOR_RPI 
Accrued Interest Factor, Regular Periodic Interest 
BONDINT 
Accrued Interest on a Bond 
COMPINT 
Accrued interest for a security where interest is compounded periodically and paid at maturity. 
ODDCOMPINT 
Accrued interest for a security with an odd first or odd last coupon period 


Annuity Calculations 
INTRATE 
Interest Rate of a Security 
ODDFINT 
Odd First Interest 
ODDFYIELD 
Odd First Period Yield 
RECEIVED 
Amount Received at Maturity 


Bond Figuration 
BONDAMORT 
Amortization Schedule of a Bond (tablevalued function) 
BONDCF new! 
Cash flows for a bond paying regular periodic interest (tablevalued function) 
CFCONVEXITY 
Convexity of a series of cash flows Not available for SQL2005 
CFDURATION 
Duration of a series of cash flows Not available for SQL2005 
CFMDURATION 
Modified duration of a series of cash flows Not available for SQL2005 
CONVEXITY 
Calculate the convexity of an option free bond 
COUPDAYBS 
Coupon Days  beginning to settlement 
COUPDAYS 
Coupon Days 
COUPDAYSNC 
Coupon Days  settlement to next coupon 
COUPNCD 
Coupon Days  next coupon date 
COUPNUM 
Number of Coupons from settlement to maturity

COUPPCD 
Previous Coupon Date 
DIRTYPRICE new! 
Calculate the dirty price of a bond 
DIRTYYIELD new! 
Calculate the yield of a bond from the dirty price 
DIS new! 
Price, discount rate, and/or yield of a discount security 
DISC 
Discount Rate 
DISFACTORS new! 
Factors for the price calculation of a discount security (tablevalued function) 
DURATION 
Annual Duration of a Security 
IAM new! 
Price and/or yield of a security paying interest at maturity 
IAMFACTORS new! 
Factors for the price calculation of a security paying interest at maturity (tablevalued function) 
MDURATION 
Macauley Duration 
ODDFPRICE 
Odd First Period Price 
ODDLINT 
Odd Last Interest 
ODDLPRICE 
Odd Last Period Price 
ODDLYIELD 
Odd Last Period Yield 
OFC new! 
Calculate the price and/or yield of a bond with an odd first coupon using the ODDFPRICE equation 
OFCCONVEXITY new! 
Convexity of a bond with and odd first coupon 
OFCDURATION new! 
Duration of a bond with an odd first coupon 
OFCFACTORS new! 
Returns the components of the ODDFPRICE equation (tablevalued function) 
OFCMDURATION new! 
Modified duration of a bond with an add first coupon 
OFL new! 
Calculate the price and/or yield of a bond with an odd first and an odd last coupon using the OFLPRICE equation 
OFLCONVEXITY new! 
Convexity of a bond with an odd first and odd last coupon 
OFLDURATION new! 
Duration of a bond with an odd first and odd last coupon 
OFLFACTORS new! 
Returns the components of the OFLPRICE equation (tablevalued function) 
OFLMDURATION new! 
Modified duration of a bond with an add first and odd last coupon 
OFLPRICE 
Calculate the price of a security with an odd first and odd last period 
OFLYIELD 
Calculate the yield of a security with an odd first and odd last period 
OLC new! 
Calculate the price and/or yield of a bond with an odd last coupon using the ODDLPRICE equation 
OLCCONVEXITY new! 
Convexity of a bond with and odd last coupon 
OLCDURATION new! 
Duration of a bond with an odd last coupon 
OLCFACTORS new! 
Returns the components of the ODDLPRICE equation (tablevalued function) 
OLCMDURATION new! 
Modified duration of a bond with an add last coupon 
PRICE 
Price of a Security 
PRICEACT new! 
Price of a bond where coupon amounts are based on number of days in the coupon period 
PRICEACTV new! 
Cash flows and Discount factors for a bond where coupon amounts are based on number of days in the coupon period (tablevalued function) 
PRICEDISC 
Price of a Discounted Security 
PRICEFR new! 
Price of a bond with forced redemptions 
PRICEMAT 
Price at Maturity 
PRICESTEP 
Price of a security with stepup rates ^{†} 
RPI new! 
Calculate the price and/or yield of a bond with regular periodic coupons 
RPICONVEXITY new! 
Convexity of a bond paying regular periodic interest 
RPIDURATION new! 
Duration of a bond paying regular periodic interest 
RPIFACTORS new! 
Factors for the calculation of the price of a bond that pays regular periodic interest (tablevalued function) 
RPIMDURATION new! 
Modified duration of a bond paying regular periodic interest 
STEPACCINT new! 
Accrued interest of a steppedcoupon bond ^{†} 
STEPCONVEXITY new! 
Convexity of a steppedcoupon bond ^{†} 
STEPDURATION new! 
Duration of a steppedcoupon bond ^{†} 
STEPMDURATION new! 
Modified duration of a steppedcoupon bond ^{†} 
TBILLEQ 
Bond Equivalent Yield of a Treasury Bill 
TBILLPRICE 
Price of a Treasury Bill 
TBILLYIELD 
Yield of a Treasury Bill 
YIELD 
Yield of a Security 
YIELDACT new! 
Yield of a bond where coupon amounts are based on number of days in the coupon period 
YIELDDISC 
Yield of a Discounted Security 
YIELDFR new! 
Yield of a bond with forced redemptions 
YIELDMAT 
Yield with Interest at Maturity 
YIELDSTEP 
Yield of a security with stepup rates ^{†} 


LOANS 
Annuity Calculations 
CUMIPMT 
Cumulative Interest paid 
CUMLIPMT 
Cumulative Interest payments of a loan 
CUMLPPMT 
Cumulative Principal payments of a loan 
CUMPRINC 
Cumulative Principal paid 
EFFECT 
Maturity and Due dates 
IPMT 
Interest Payment based on Constant Rate 
LIPMT 
Interest Payment of a loan 
LPMT 
Periodic Payment of a loan 
LPMTSCHED 
Generate Loan Amortization with balloon payment and other parameters (tablevalued function) 
LPPMT 
Principal Payment of a loan 
LRATE 
Interest rate for an annuity with an odd first period 
NUMPMTS 
Total number of payments over the life of the loan 
PMT 
Payment of an Annuity 
PMTSCHED 
Payment Schedule of a loan (tablevalued function) 
PPMT 
Principal Payment 
TOTALINT 
Total interest amount of a loan 


Bond Amortization 
AMORTRATE 
Constant daily effective rate for bond/loan amortization 


Loan Amortization 
AMORTSCHED 
Generate Amortization Schedule of a loan (tablevalued function) 
Balloon new! 
Generate loan schedule with periodic interest payments and principal repaid at maturity (tablevalued function) 
Bullet new! 
Generate loan schedule with single interest and principal payment at maturity (tablevalued function) 
ConstantCashFlow new! 
Generate annuity loan schedule with equal periodic cash flows (tablevalued function) 
ConstantPaymentAmount new! 
Generate loan schedule with no maturity with fixed periodic payment amount (tablevalued function) 
CONSTPRINAMORT new! 
Generate Amortization schedule of a loan with a fixed principal repayment (tablevalued function) 
ConstantPrincipal new! 
Generate loan schedule with fixed maturity date where the periodic principal payment is calculated on a straightline basis (tablevalued function) 
ConstantPrincipalAmount new! 
Generate loan schedule with no fixed maturity with a fixed periodic principal payment (tablevalued function) 
ConstantPrincipalRate new! 
Generate loan schedule with no fixed maturity where a fixed percentage principal payment (tablevalued function) 
NPD 
Next payment date of a loan 
NPNO 
Next payment number of a loan 
PAYMENTPERIODS new! 
Calculate number of months until first payment date, start of grace period, end of grace period, and total number payments for a loan (tablevalued function) 
PERIODRATE 
Adjust the nominal rate of a loan 
PPD 
Previous Payment date of a loan 
PPNO 
Previous Payment number of a loan 
UNEQUALLOANPAYMENTS 
Payment schedule for a loan where interest and principal payment frequencies differ(tablevalued function) 


Ruleof78 
R78IPMT 
Interest Payment of a loan using Rule of 78 
R78PAYOFF 
Payment amount of a loan using Rule of 78 
R78PPMT 
Principal Payment of a loan using Rule of 78 
R78REBATE 
Rebate amount of a loan using Rule of 78 


DEPRECIATION 
DB 
Declining Balance 
DDB 
Double Declining Balance 
SLN 
Straight Line Depreciation 
SYD 
SumofYear'sDigits Depreciation 
VDB 
Depreciation using Declining Balance 


YIELD CURVES 
Yield Curve Construction 
DFINTERP 
Calculate interpolated discount factor 
ED_FUT_CONV_ADJ_HL 
Convert Eurodollars futures price to forward rate using Ho Lee convexity adjustment 
INTERPDFACT 
Calculate interpolated discount factors for a range of dates ^{†} (tablevalued function) 
SWAPCURVE 
Calculate discount factors from a series of cash, futures, and swaps rates ^{†} (tablevalued function) 
ZEROCOUPON 
Calculate an interpolated zerocoupon rate from a series of cash, futures, or swaps rates ^{†} 


Nelson Siegel 
NELSONSIEGEL 
Calculate the zero coupon rate using Nelson Siegel formula 
NSCOEF 
Calculate the Nelson Siegel coefficients for a zero coupon curve ^{†} (tablevalued function) 
NSCOEF2 
Calculate the Nelson Siegel coefficients for a zero coupon curve ^{†} (tablevalued function) 


Date Calculations for Yield Curves 
ED_FUTYF 
Calculate futures contract time in years 
ED_FUT2DATE 
Convert a Eurodollar futures delivery code into a delivery date 
TENOR2DATE 
Convert an alphanumeric expression ('tenor') to a swaps or money market maturity date 


BUSINESS DAYS CALCULATIONS 
Businesss Day Calculations 
BUSDAYS 
Calculate number of Business Days 
BUSDAYSWE new! 
Calculate number of Business Days using specified weekend days 
BUSINESSDATE 
Calculate a Business Date from an offset 
BUSINESSDATEWE 
Calculate a Business Date from an offset and specified weekend days 


Date Functions 
CALCDATE 
Convert MDY to date 
DATEFLOAT 
Convert MDY to float 
DATEINT 
Convert MDY to int 
DAYS360 
Calculate number of days using 30/360 day count conventions 
DAYSINMONTH new! 
Calculate number of number of days in the month of the specified date 
DAYSINYEAR new! 
Calculate number of number of days in the year of the specified date 
DAYSNL 
Calculate number of days excluding Leap Years 
EASTER 
Calculate date of Western Easter for a given year 
EDATE 
Calculate Exact Date n months from specified date 
EOMONTH 
Last Day of Month 
FIRSTWEEKDAY 
First specified day of the week in any calendar month 
ISREGULARPAY 
Determine if a date is a regular payment date for a loan 
LASTWEEKDAY 
Last specified day of the week in any calendar month 
NBD 
Convert a series of dates to flat csv string in YYYYMMDD format 
NUMMONTHS new! 
Calculate number of months between two dates 
YEARFRAC 
Fraction of Year 


Date Functions for Yield Curves 
ED_FUTYF 
Calculate futures contract time in years 
ED_FUT2DATE 
Convert a Eurodollar futures delivery code into a delivery date 
TENOR2DATE 
Convert an alphanumeric expression ('tenor') to a swaps or money market maturity date 


MISC FUNCTIONS 
DOLLARDE 
Dollar  fraction to Decimal 
DOLLARFR 
Dollar  decimal to Fraction 
RelativeError 
Calculate the relative error between two values 


XLDB_FINANCIAL_VERSION 
Version Information 