Error Messages/41089

Error Message Examples

In the call to YearFrac, a bad value was passed to the parameter <<basis>>.
It must be between 0 and 4 inclusive.

Cause

YearFrac(startDate,endDate,basis) calculates the fractional duration in years between the <<startDate>> and <<endDate>>. The basis parameter, which can take values from 0 to 4, specifies the method used to calculate the fractional duration. You seemed to have passed an invalid value to the <<basis>> parameter.

The valid values for the <<basis>> parameter and the method used are as follows:

   0 (or omitted) = US (NASD) 30/360
   1 = actual/actual
   2 = Actual/360
   3 = Actual/365
   4 = European 30/360 

Remedies

Correct the <<basis>> parameter passed to the YearFrac function to be between 0 and 4 inclusive.

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