NPD

Updated 2023-10-11 13:11:46.563000

Syntax

SELECT [westclintech].[wct].[NPD] (
  <@SettDate, datetime,>
 ,<@FirstPayDate, datetime,>
 ,<@Pmtpyr, int,>
 ,<@NumPmts, int,>)

Description

Use the scalar function NPD to calculate the next payment date for loan with regularly scheduled periodic payments.

Arguments

@NumPmts

the total number of payments to be recorded over the life of the loan. @NumPmts is an expression of type int or of a type that can be implicitly converted to int.

@SettDate

the date from which you want to calculate the next payment date. The next payment date is the minimum payment date greater than @SettDate. @SettDate is an expression of type datetime or of a type that can be implicitly converted to datetime.

@Pmtpyr

the number of loan payments made in a year. @NumPmts is an expression of type int or of a type that can be implicitly converted to int.

@FirstPayDate

the date that the first payment is due. @ FirstPayDate is an expression of type datetime or of a type that can be implicitly converted to datetime.

Return Type

float

Remarks

If @SettDate < @FirstPayDate, then @FirstPayDate is returned.

@Pmtpyr must be between 1 and 365.

If @Pmtpyr = 13, then payments are calculated every 28 days from @FirstPayDate.

If @Pmtpyr = 26, then payments are calculated every 14 days from @FirstPayDate.

If @Pmtpyr = 52, then payments are calculated every 7 days from @FirstPayDate.

If @Pmtpyr = 1, then payments are calculated every 1 year from @FirstPayDate.

If @Pmtpyr = 2, then payments are calculated every 6 months from @FirstPayDate.

If @Pmtpyr = 3, then payments are calculated every 4 months from @FirstPayDate.

If @Pmtpyr = 4, then payments are calculated every 3 months from @FirstPayDate.

If @Pmtpyr = 6, then payments are calculated every 2 months from @FirstPayDate.

If @Pmtpyr = 12, then payments are calculated every 1 month from @FirstPayDate.

If @Pmtpyr = 24, then payments are calculated semi-monthly from @FirstPayDate. If the @FirstPayDate is the 15th of the month, payments are on the 15th and the last day of the month. If the @FirstPayDate is the last day of the month, then payment dates are on the last day of the month and the 15th day of the month.

If @NumPmts IS NOT NULL, then NPD will not return a date greater than the maturity date of the loan.

Examples

Calculate the next payment date on 11/1/2010 for a loan that commenced on 8/31/2008, paying interest monthly on the 15 th of the month, starting 9/15/2008.

SELECT wct.NPD(   '11/01/2010', --@SettDate

                  '09/15/2010', --@FirstPayDate

                  12,           --@Pmtpyr

                  60            --@NumPmts

              ) as NPD;

This produces the following result.

{"columns":[{"field":"NPD","headerClass":"ag-right-aligned-header","cellClass":"ag-right-aligned-cell"}],"rows":[{"NPD":"2010-11-15 00:00:00.000"}]}

Calculate the next payment date on 10/29/2010 for a loan that commenced on 7/15/2009, paying interest every two weeks starting on 7/29/2009.

SELECT wct.NPD(   '10/29/2010', --@SettDate

                  '7/29/2009',  --@FirstPayDate

                  26,           --@Pmtpyr

                  NULL          --@NumPmts

              ) as NPD;

This produces the following result.

{"columns":[{"field":"NPD","headerClass":"ag-right-aligned-header","cellClass":"ag-right-aligned-cell"}],"rows":[{"NPD":"2010-11-03 00:00:00.000"}]}

Calculate the next payment date on 10/29/2010 for a loan that commenced on 2/28/2009, paying interest every semi-monthly starting on 3/15/2009.

SELECT wct.NPD(   '10/29/2010', --@SettDate

                  '3/15/2009',  --@FirstPayDate

                  24,           --@Pmtpyr

                  NULL          --@NumPmts

              ) as NPD;

This produces the following result.

{"columns":[{"field":"NPD","headerClass":"ag-right-aligned-header","cellClass":"ag-right-aligned-cell"}],"rows":[{"NPD":"2010-10-31 00:00:00.000"}]}

Calculate the maturity date on a loan by entering a date far in the future.

SELECT wct.NPD(   '12/31/2099', --@SettDate

                  '3/15/2009',  --@FirstPayDate

                  26,           --@Pmtpyr

                  78            --@NumPmts

              ) as NPD;

This produces the following result.

{"columns":[{"field":"NPD","headerClass":"ag-right-aligned-header","cellClass":"ag-right-aligned-cell"}],"rows":[{"NPD":"2012-02-26 00:00:00.000"}]}

Calculate the next payment date on 12/6/2010 for a loan that commenced on 12/06/2010, paying interest monthly on the 15th of the month, starting 12/15/2010.

SELECT wct.NPD(   '12/06/2010', --@SettDate

                  '12/15/2010', --@FirstPayDate

                  12,           --@Pmtpyr

                  NULL          --@NumPmts

              ) as NPD;

This produces the following result.

{"columns":[{"field":"NPD","headerClass":"ag-right-aligned-header","cellClass":"ag-right-aligned-cell"}],"rows":[{"NPD":"2010-12-15 00:00:00.000"}]}