From ZCubes Wiki
Jump to navigation Jump to search
COUPDAYS (SettlementDate,MaturityDate,Frequency,Basis)

  • Where is the security's settlement date (a date when coupon or a bond is purchased),
  • is the security's maturity date (a date when coupon or a bond expires),
  • is the number of coupon payments per year, and
  • is the type of day count basis to use.
    • COUPDAYS(), returns the number of days in the coupon period that contains the settlement date.


COUPDAYS (SettlementDate,MaturityDate,Frequency,Basis)

  • COUPDAYS() calculates the number of days between the coupon dates surrounding the settlement date.
  • and dates should be entered either in 'date format' or 'dates returned using formulas'. If dates are not valid, Calci displays #N/A error message.
  • If date, Calci displays #N/A error message.
  • The values for should be 1,2 or 4.

For Annual payment, Frequency = 1,

For Semi-annual payment, Frequency = 2,

For Quarterly payment, Frequency = 4.

  • value is optional. If omitted, Calci assumes it to be 0.

Below table shows the use of values:

Basis Description
0 US (NASD) 30/360
1 Actual/actual
2 Actual/360
3 Actual/365
4 European 30/360
  • If value is other than 0 to 4, Calci displays #N/A error message.


Consider the following example that shows the use of COUPDAYS function:

=COUPDAYS(A1,A2,A3,A4) displays 183 as a result.
=COUPDAYS(DATE(2012,1,1),DATE(2013,1,1),1,1) displays 366 as a result.

Related Videos


See Also