eBook - ePub
An Introduction to Excel VBA Programming
with Applications in Finance and Insurance
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- 284 pages
- English
- ePUB (mobile friendly)
- Available on iOS & Android
eBook - ePub
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About This Book
Excel Visual Basic for Applications (VBA) can be used to automate operations in Excel and is one of the most frequently used software programs for manipulating data and building models in banks and insurance companies. An Introduction to Excel VBA Programming: with Applications in Finance and Insurance introduces readers to the basic fundamentals of VBA Programming while demonstrating applications of VBA to solve real-world problems in finance and insurance. Assuming no prior programming experience and with reproducible examples using code and data, this text is suitable for advanced undergraduate students, graduate students, actuaries, and financial analysts who wish to learn VBA.
Features:
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- Presents the theory behind the algorithms in detail
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- Includes more than 100 exercises with selected solutions
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- Provides VBA code in Excel files and data to reproduce the results in the book
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- Offers a solutions manual for qualified instructors
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Yes, you can access An Introduction to Excel VBA Programming by Guojun Gan in PDF and/or ePUB format, as well as other popular books in Business & Finance. We have over one million books available in our catalogue for you to explore.
Part II
Applications
7
Generating Payment Schedules
In this chapter, we implement a simple Visual Basic for Applications (VBA) program that can generate regular payment dates of an interest rate swap according to a business calendar. Figure 7.1 shows the interface of the payment schedule generator.
Figure 7.1: Interface of the payment schedule generator
From 7.1, we see that the interface contains six input cells highlighted in yellow and one button. The output is shown in the first two columns. The first column shows the payment dates, and the second column shows the year fractions between these dates. The goal of this chapter is to implement the payment generator.
7.1 Introduction
A derivative (Garrett, 2013) is a concept in finance and refers to a contract that derives its value from the performance of an underlying entity, such as an asset, index, or interest rate. Derivatives have been used for risk management purposes. For example, insurance companies have used interest rate swaps to hedge the interest rate risks associated with variable annuity contracts.
An interest rate swap (IRS) is a financial derivative in which two parties agree to exchange interest rate cash flows, based on a specified notional amount. Under an IRS, each counterpart agrees to pay either a fixed or floating rate denominated in a particular currency to the other counterpart.
When p...
Table of contents
- Cover
- Half Title
- Title Page
- Copyright Page
- Dedication
- Table of Contents
- List of Figures
- List of Tables
- Preface
- I VBA Preliminaries
- II Applications
- A Solutions to Selected Exercises
- References
- Index
- Index of VBA Keywords