Index Match question?

Hi Guys, I have this Vlookup which is not working due to the 256 character limit. I understand Index Match has no 256 limit, buy will it work looking up another file? Here's my current Vlookup:

=IF(ISNA(VLOOKUP($B556,'[Murex BS rec breaks - 031213.xlsm]Rec'!$B:$AL,AD$1,FALSE)),IF($J556="","NEW",IF(ISNA(VLOOKUP($C556,'[Murex BS rec breaks - 031213.xlsm]Rec'!$C:$AL,AD$1-1,FALSE)),"NEW",VLOOKUP($C556,'[Murex BS rec breaks - 031213.xlsm]Rec'!$C:$AL,AD$1-1,FALSE))),VLOOKUP($B556,'[Murex BS rec breaks - 031213.xlsm]Rec'!$B:$AL,AD$1,FALSE))
JustincutAsked:
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andrew_manConnect With a Mentor Commented:
1) The file name is too long!
2) False to 0
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NBVCCommented:
That would be translated to:

=IF(ISNA(INDEX('[Murex BS rec breaks - 031213.xlsm]Rec'!$B:$AL,MATCH(TRUE,INDEX('[Murex BS rec breaks - 031213.xlsm]Rec'!$B:$B=$B556,0),0),AD$1)),IF($J556="","NEW",IF(ISNA(INDEX('[Murex BS rec breaks - 031213.xlsm]Rec'!$C:$AL,MATCH(TRUE,INDEX('[Murex BS rec breaks - 031213.xlsm]Rec'!$C:$C=$C556,0),0),AD$1-1)),"NEW",INDEX('[Murex BS rec breaks - 031213.xlsm]Rec'!$C:$AL,MATCH(TRUE,INDEX('[Murex BS rec breaks - 031213.xlsm]Rec'!$C:$C=$C556,0),0),AD$1-1))),INDEX('[Murex BS rec breaks - 031213.xlsm]Rec'!$B:$AL,MATCH(TRUE,INDEX('[Murex BS rec breaks - 031213.xlsm]Rec'!$B:$B=$B556,0),0),AD$1))

But remember, that this is an array formula that you don't need to confirm with CSE keys, but you should make the lookup ranges defined sizes, not large (whole column ranges).
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JustincutAuthor Commented:
What are CSE keys?
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NBVCCommented:
Sorry,  that means CTRL+SHIFT+ENTER (these keys must used together to confirm array formulas)... but in the formula I provided it is not necessary.
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JustincutAuthor Commented:
Hi Andy, is there a more simplistic Index Match formula then this one:=IF(ISNA(INDEX('[Murex BS rec breaks - 031213.xlsm]Rec'!$B:$AL,MATCH(TRUE,INDEX('[Murex BS rec breaks - 031213.xlsm]Rec'!$B:$B=$B556,0),0),AD$1?
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