PRICEMAT Function (LibreOffice Calc)
The PRICEMAT function returns the price per 100 currency units of face value for a security that pays interest at maturity. It is essential for valuing interest-bearing, non-coupon instruments.
Compatibility
▾| Excel | ✔ |
| Gnumeric | ✔ |
| Google_sheets | ✔ |
| Libreoffice | ✔ |
| Numbers | ✔ |
| Onlyoffice | ✔ |
| Openoffice | ✔ |
| Wps | ✔ |
| Zoho | ✔ |
What the PRICEMAT Function Does â–¾
- Computes the clean price of an interest‑at‑maturity security
- Uses issue date, settlement date, maturity date, interest rate, and yield
- Supports multiple day‑count basis systems
- Works with real dates, serial numbers, and DATEVALUE
- Fully compatible with Excel’s PRICEMAT function
It is designed to be precise, finance‑grade, and ideal for structured notes and interest‑bearing deposits.
Syntax â–¾
PRICEMAT(settlement; maturity; issue; rate; yield; [basis])
Arguments
-
settlement:
The date the security is traded to the buyer. -
maturity:
The date the security matures. -
issue:
The date the security was issued. -
rate:
Annual interest rate (e.g., 0.05 for 5%). -
yield:
Annual yield to maturity (e.g., 0.045 for 4.5%). -
basis (optional):
Day-count convention:
| basis | Day-count convention |
|---|---|
| 0 | US 30/360 |
| 1 | Actual/Actual |
| 2 | Actual/360 |
| 3 | Actual/365 |
| 4 | European 30/360 |
Basic Examples â–¾
Price of an interest-at-maturity note
=PRICEMAT("2024-03-15"; "2025-03-15"; "2024-01-01"; 0.05; 0.045)
Using Actual/Actual
=PRICEMAT(A1; A2; A3; 0.04; 0.045; 1)
Using text dates
=PRICEMAT(DATEVALUE(A1); DATEVALUE(A2); DATEVALUE(A3); Rate; Yield)
Advanced Examples â–¾
Structured note with Actual/360
=PRICEMAT("2024-01-10"; "2024-10-10"; "2024-01-01"; 0.052; 0.049; 2)
From imported CSV timestamps
=PRICEMAT(DATEVALUE(LEFT(A1;10)); DATEVALUE(LEFT(A2;10)); DATEVALUE(LEFT(A3;10)); Rate; Yield)
From Excel serial dates stored as text
=PRICEMAT(DATE(1899;12;30)+VALUE(A1); DATE(1899;12;30)+VALUE(A2); DATE(1899;12;30)+VALUE(A3); Rate; Yield)
Compute yield from price (inverse)
=YIELDMAT(Settlement; Maturity; Issue; Rate; Price; Basis)
Compute maturity value
=100 * (1 + Rate * YEARFRAC(Issue; Maturity; Basis))
Compute discount from par
=100 - PRICEMAT(A1;A2;A3;Rate;Yield;Basis)
Edge Cases and Behavior Details â–¾
PRICEMAT returns a numeric value (price per 100 face value)
Accepts:
- Real dates
- Serial numbers
- DATEVALUE outputs
Invalid text → Err:502
Behavior details
- Issue < Settlement < Maturity must hold
- Basis must be 0–4
- Rate and yield must be ≥ 0
- Time components ignored
- Uses clean price (no accrued interest because interest is paid at maturity)
PRICEMAT of an error → error propagates
Common Errors and Fixes â–¾
Err:502 — Invalid argument
Cause:
- Dates not recognized
- Basis outside 0–4
- Rate or yield not numeric
Fix:
- Wrap dates with DATEVALUE
- Validate basis
- Ensure rate and yield are numeric
Err:504 — Invalid date sequence
Cause:
- Settlement before issue
- Settlement after maturity
Fix:
- Correct date order
Unexpected price
Cause:
- Wrong basis
- Incorrect rate or yield
- Incorrect issue date
Fix:
- Verify inputs carefully
- Confirm day-count convention
Best Practices â–¾
- Use Actual/360 (basis 2) for money‑market instruments
- Use Actual/Actual (basis 1) for government notes
- Normalize text dates with DATEVALUE
- Validate date order carefully
- Use PRICEMAT with YIELDMAT for full interest‑at‑maturity modeling
Related Patterns and Alternatives â–¾
- Use YIELDMAT to compute yield from price
- Use PRICEDISC for pure discount securities
- Use DISC to compute discount rate
- Use ACCRINTM for zero‑coupon bonds
- Use YEARFRAC for fractional year calculations
By mastering PRICEMAT and its companion functions, you can build powerful, accurate, and fully professional fixed‑income valuation models in LibreOffice Calc.