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Workday Formula-Notice dates and Expiry dates

  1. #1
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    Workday Formula-Notice dates and Expiry dates

    Hello!

    Need some help on creating this excel with WORKDAY formula. Basically, I will need to have an excel that will allow me to punch into some cells and it will give me the Notice dates and Expiry dates


    Eg -
    1) Roll date = On every 18th
    2) Frequency = Every Quarterly (this can be changed to Monthly/yearly/semi-annual)
    3) Notice gap - 10 days (refers to working days)
    3) Holiday Calendar = LDN (refers to london holiday)
    4) Business day convention = following (this takes into month end whereby MF means it will go into the previous day while F means it will go into the first day in next month , eg if I have Roll as 31st and its Monthly, if I have MF here and 31 Oct is a holiday or weekend, it will go back to the previous day (30th - if its a good working day for the above calender)

    Expected results -

    Expiry dateNotice date
    18-Mar-11 4-Mar-11
    18-Jun-11 6-Jun-11
    18-Sep-11 5-Sep-11
    18-Dec-11 5-Dec-11
    *above dont take into account any holiday, etc

    Thanks!!!

  2. #2
    Forum Expert royUK's Avatar
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    re: Workday Formula-Notice dates and Expiry dates

    To best describe or illustrate your problem you would be better off attaching a dummy workbook, the workbook should contain the same structure and some dummy data of the same type as the type you have in your real workbook - so, if a cell contains numbers & letters in this format abc-123 then that should be reflected in the dummy workbook.

    If needed supply a before and after sheet in the workbook so the person helping you can see what you are trying to achieve.

    Doing this will ensure you get the result you need!
    Hope that helps.

    RoyUK
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  3. #3
    Forum Expert Colin Legg's Avatar
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    re: Workday Formula-Notice dates and Expiry dates

    Excel does not have built-in work calendars based on geographical locations such as London, New York, etc... If you wanted to do this in your workbook then you would have to manually maintain them. However, many financial institutions (and I am guessing you work for one) have Excel add-ins built and maintained by a central team, which contain custom functions to perform these sorts of calculations.
    Hope that helps,

    Colin

    RAD Excel Blog

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