Serving the fixed-income securities dealer
Zia Bond Calculator ~ User Guide
Zia Bond Calculator
Finally, a Windows based bond calculator that understands the bond business. All the major functionality of the
popular desk top calculators on your desktop. Working at the speed of your computer the Zia Bond Calculator gives
you unsurpassed performance. All calculations are complete in a blink of the eye.
• Your entries and the results are visible at once; and tabs other functions conserve window space.
• Connect to the internet to check bond prices and a glossary of bond terms.
• Store and recall bond information… including description.
• Print results with your contact info… email to a client.
• Automatically compute settlement date with consideration of holidays.
• Easily calculate mark-ups and sales credits
• See the effect on yields of changes in basis points… what’s the value of ¼ ?
• Manage tax authorities and rates for tax related calculations.
• Zia Trading users can retrieve bond info from inventory. And, there’s even the possibility to connect the
calculator to firms inventory.
About Zia Corporation…
Zia has been providing software systems to dealers since 1977. Although focused on systems used by the trading
desk and sales reps, our experience includes development of back-office systems. As a result, Zia is highly regarded
by its customers for its understanding of the user and the ability to implement their requirements quickly and cost
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When executed for the first time, the ZBC will show the default settlement date
which is computed based on the system date and considering the holiday
On subsequent executions, the last bond worked is displayed. Clicking on the
Clear Bond button will remove the bond information for a new entry. The
settlement date is not affected.
To move between entries, you may click in the field, tab or use the Enter key.
Invalid dates are indicated by a grey background in the entry area.
Dates may be entered as 6 digits or with the / key. For example, today’s
settlement date can be entered as 042905 or as 4/29/05 or 4/29/2005.
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The top section contains buttons to save or
open a bond issue as well as printing or
previewing the calculation results.
(examples are at the end of this document)
Information about the application is
available by clicking on the ? button.
The type of bond is selected from a drop-
down box. Here a municipal bond is
selected (default). The settlement date is
entered by selecting from
a calendar which shows
both the current date and
the default settlement date
for the bond type
Redemption options may
be ‘forced’ by clicking in the check box to
the left of the option number.
If a price is entered, moving out of the
price field the yield is calculated. Or, if a
yield is entered, a price is calculated. At
any time the calculation may be executed
by clicking on the green > button. Fees
added are reflected in the Total Amount
but do not affect any price/yield
The bottom row of tabs allows access to
additional calculations as well as the setup
The bottom of the screen is used for status
messages and to show the current date on
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The Values tab shows yield variations
based on a user defined set of values. Here
we show yields both up and down from the
computed yield. Also, Modified Duration
and Convexity are displayed. If
applicable, these values are shown for
maturity and redemption options.
A yield entered in the Entered box only
affects the values shown in this section and
not the values in the original entry in the
The Tax tab shows the tax affect based on
user defined tax rates. There are two each
Fed and State levels. The States may be
two rates for the same state or two
different states. The ones checked are
used in the calculations.
The rates and states are created in the
Setup tab described below.
Other information relating to holding the
bond to the redemption is also displayed
Up to ten lines of bond information may be
entered that will be shown when the print
function is used.
If the calculator is configured for use with
Zia Trading, the Lookup button will be
shown. This allows you to retrieve bonds
from the Zia Trading Security Master file.
If a municipal CUSIP is entered and the
link is clicked, a new browser window will
open showing the transaction history from
Re-offer allows the user to see the affect of
adding ‘credits’ to an existing calculation.
There are two levels of credits allowed, but
the base credit must be used before
entering an additional credit.
The values calculated reflect the sum of
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Setup contains four sections. In Edit
Values the user is allowed to create the
increments to be used for the Values
function. For a decrease in value, a minus
sign ( - ) must be entered.
The Reset check box is used to return the
values to their original state as shipped by
Two tax rates are allowed for Federal.
Only one of each may be used at a time.
There are two state codes allowed. They
may be for different states as shown or two
rates for one state.
Rates are a percentage. For example, a
rate of 4.1% is entered as 4.1
The codes do not set the rate. It is the
user’s responsibility to enter the correct
The holidays are used to compute the
proper settlement date for a calculation.
The holiday schedule is set by Zia when
the software is distributed. It is the user’s
responsibility to verify that these entries
are correct and to maintain future holidays
The Menu Bar Items
The Save button allows the The Open button allows retrieval of a
attributes of a bond to be saved for recall via the previously saved bond. Default.zc is the last bond entered
Open button. when the calculator program was terminated and is displayed
the next time the program is started.
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The Preview button will
display the information for the current bond using
Word Pad which is part of the Windows operating
system. (Sample on right).
The Print button will print
the information without showing the preview.
There are two parts to the information button.
About Zia provides contact information as well as The installation screen provides version and license
web links for Zia, this user document and access to information as well as information required for support.
a glossary of bond terms.
The License Name is created as part of the distribution and
cannot be changed by the users. Zia will provide a license
code. If the license has expired, there will be a message on
the main screen and the status area will be displayed in red.
If this occurs, contact Zia.
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