Manuals/calci/COUPDAYS
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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
- COUPDAYS(), returns the number of days in the coupon period that contains the settlement date.
is the type of day count basis to use.
Description
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.
Examples
Consider the following example that shows the use of COUPDAYS function:
06/20/2010 | ||
12/20/2014 | ||
2 | ||
1 |
=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.
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References