Description
Accept clean/dirty quote kind and nonnegative price/accrued interest; dirty quote must cover accrued interest.
Financial accounting arithmetic tracks amounts, balances, fees and allocations on a declared currency and sign basis. An algebraically consistent result does not authorize a transaction or establish an amount legally due.
Accept clean/dirty quote kind and nonnegative price/accrued interest; dirty quote must cover accrued interest.
When to use this tool
Use Finance: Settlement Clean Dirty Price Difference when you need a specified monetary balance or allocation calculation.
How to use the tool and how it works
- Enter quotedPrice, accruedInterest, quotedKind. Use the units and conventions below.
- Run the tool. Correct any format, range, or cross-field input error before interpreting the output.
- Read result. Expand result to inspect the returned fields.
Accept clean/dirty quote kind and nonnegative price/accrued interest; dirty quote must cover accrued interest. Add or subtract accrued interest for both prices.1
| Input field | Meaning and units | Accepted input |
|---|---|---|
| quotedPrice | Quoted Price | Required. Finite number. |
| accruedInterest | Accrued Interest | Required. Finite number. |
| quotedKind | Quoted Kind | Required. Text; one of "clean", "dirty". Implementation limit: 8192 Unicode code points and 16384 UTF-16 code units. |
| Output field | Interpretation | Returned shape |
|---|---|---|
| result | Object containing the calculated members; expand to inspect the fields below. | Required. Object. |
| result.cleanPrice | Clean Price | Calculated result member: number. |
| result.dirtyPrice | Dirty Price | Calculated result member: number. |
{
"input": {
"quotedPrice": 101,
"accruedInterest": 2,
"quotedKind": "dirty"
},
"output": {
"result": {
"cleanPrice": 99,
"dirtyPrice": 101
}
}
}Limitations and assumptions
- Price and interest share the same per-bond or per-face-value basis. Day-count accrual and settlement entitlement are not calculated.
- Outputs are nested inside result. Inputs must satisfy both the field types and the cross-field conditions above. Invalid input causes an error; a successful false flag or documented placeholder is a different result.
- Numeric calculations use binary floating point unless exact decimal-integer arithmetic is explicitly stated. No hidden measurement tolerance or decimal rounding is added; nonfinite or out-of-contract results are rejected. Numeric signed-zero results are exported as zero.
Alternative or Complementary methods
Reconcile source ledgers and governing agreements using the intended currency precision and accounting policy. Include omitted fees, tax, timing and legal requirements before acting on a result.
References
Similar or alternative tools
- Accrued Interest Dirty Clean Roundtrip
Add clean and accrued for dirty, then subtract accrued for recoveredClean.
- Finance: Coupon Accrual From Explicit Day Counts Tool
Accrue one coupon using already resolved convention-consistent elapsed/period day counts; no calendar, ex-coupon or settlement convention inference.