> For the complete documentation index, see [llms.txt](https://bluegamma.io/documentation/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://bluegamma.io/documentation/integrations/excel-add-in/functions/get-canadian-bank-spread-forward.md).

# Get Canadian Bank Spread (Forward)

{% hint style="info" %}
**New to the Excel Add-In?** [Install the add-in](/documentation/integrations/excel-add-in/installation-and-setup.md) to start using this formula.
{% endhint %}

#### `=BlueGamma.CAN_BANK_SPREAD_FWD(maturity, forward_start, [valuation_time])`

Retrieves the forward spread for Canadian bank senior debt index.

* **Parameters:**
  * **`maturity`**: Maturity tenor (e.g., "5Y") or date (e.g., "2027-12-31")
  * **`forward_start`**: Forward start date (e.g., "2025-06-01") or tenor from now (e.g., "1Y")
  * **`valuation_time`** (optional): Valuation date or datetime, interpreted as **UTC**. Accepts a date or datetime cell, `DATE(y,m,d)` + `TIME(h,m,s)`, or an ISO string like `"2026-07-17T14:30:00"`. Date-only values price at end of day (23:59:59 UTC). Defaults to live.
* **Returns:** The forward spread as a decimal value (e.g., 0.0075 for 75 basis points)
* **Example Usage:**

```excel-formula
=BlueGamma.CAN_BANK_SPREAD_FWD("5Y", "1Y")
```

```excel-formula
=BlueGamma.CAN_BANK_SPREAD_FWD("2030-12-31", "2026-01-01")
```

### Notes

* The spread is returned as a decimal value
* Both maturity and forward\_start can be specified as tenors (relative) or dates (absolute)
* When using tenors, they are calculated relative to the valuation date
* The forward spread represents the expected spread for Canadian bank senior debt at the forward start date


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