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RECEIVED function

The RECEIVED function is one of the financial functions. It is used to calculate the amount received at maturity for a fully invested security.

Syntax

RECEIVED(settlement, maturity, investment, discount, [basis])

The RECEIVED function has the following arguments:

ArgumentDescription
settlementThe date when the security is purchased.
maturityThe date when the security expires.
investmentThe amount paid for the security.
discountThe security discount rate.
basisThe day count basis to use, a numeric value greater than or equal to 0, but less than or equal to 4. It is an optional argument. The possible values are listed in the table below.

The basis argument can be one of the following:

Numeric valueCount basis
0US (NASD) 30/360
1Actual/actual
2Actual/360
3Actual/365
4European 30/360
Notes

Dates must be entered by using the DATE function.

How to apply the RECEIVED function.

Examples

The figure below displays the result returned by the RECEIVED function.

RECEIVED Function

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