Manuals/calci/couppcd

COUPPCD(settle, M, F, basis)

• $Settle$ is the security's settlement date.
• $M$ is the security's maturity date(Expire date).
• $F$ is the number of coupon(interest) payments per year(1,2 or 4)
• $basis$ is the Type of day count basis.

Description

• This function returns a date that represents next coupon date after the settlement date.
• $f$ must be 1,2 or 4
• COUPNCD shows there value when Failed to parse (unknown function "\lt"): {\displaystyle basis\lt 0} or Failed to parse (unknown function "\gt"): {\displaystyle basis\gt 0} Basis>4,
• $Settlementdate$ must be greater than or equal to maturity date.
• $b$ is the calender system to use.

0 - US method (NASD), 12 months of 30 days each
1 - Actual number of days in months, actual number of days in year
2 - Actual number of days in month, year has 360 days
3 - Actual number of days in month, year has 365 days
4 - European method, 12 months of 30 days each

• COUPPCD returns errors when

Settlement$(s)$ or Maturity$(m)$ is not a valid date.
Frequency$(f)$ is any number other than 1, 2, or 4.
Basis$(b)$ < 0 or if Basis$(b)$ > 4.
Settlement$(s)$ ≥ Maturity$(m)$.

Examples

COUPPCD returns (Sun Oct 15, 2006).

• =COUPPCD("2007/02/21","2009/02/21",2,1)

Wed Feb 21 2007 00:00:00 GMT+0530 (India Standard Time)

• =COUPPCD("2005-07-13", "2009-01-18", 2, 3)

Tue Jan 18 2005 05:30:00 GMT+0530 (India Standard Time)

References

COUPPCD