Difference between revisions of "Manuals/calci/COUPDAYS"
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| − | =COUPDAYS( | + | <div style="font-size:25px">'''COUPDAYS (SettlementDate,MaturityDate,Frequency,Basis)'''</div><br/> |
| − | *Where | + | *Where <math>SettlementDate</math> is the security's settlement date (a date when coupon or a bond is purchased), |
| − | * | + | *<math>MaturityDate</math> is the security's maturity date (a date when coupon or a bond expires), |
| − | * | + | *<math>Frequency</math> is the number of coupon payments per year, and |
| − | * | + | *<math>Basis</math> 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() | ||
== Description == | == Description == | ||
| − | COUPDAYS( | + | COUPDAYS (SettlementDate,MaturityDate,Frequency,Basis) |
*COUPDAYS() calculates the number of days between the coupon dates surrounding the settlement date. | *COUPDAYS() calculates the number of days between the coupon dates surrounding the settlement date. | ||
| − | * | + | *<math>SettlementDate</math> and <math>MaturityDate</math> 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 | + | *If <math>SettlementDate</math> ≥ <math>MaturityDate</math> date, Calci displays #N/A error message. |
| − | + | *The values for <math>Frequency</math> should be 1,2 or 4. | |
| − | *The values for | + | For Annual payment, Frequency = 1, |
| − | For Annual payment, | ||
| − | For Semi-annual payment, | + | For Semi-annual payment, Frequency = 2, |
| − | For Quarterly payment, | + | For Quarterly payment, Frequency = 4. |
| − | * | + | *<math>Basis</math> value is optional. If omitted, Calci assumes it to be 0. |
| − | Below table shows the use of | + | Below table shows the use of <math>Basis</math> values: |
{| class="wikitable" | {| class="wikitable" | ||
| Line 38: | Line 36: | ||
| 3 || Actual/365 | | 3 || Actual/365 | ||
|- | |- | ||
| − | | 4 || European 30/ | + | | 4 || European 30/360 |
|} | |} | ||
| − | *If | + | *If <math>Basis</math> value is other than 0 to 4, Calci displays #N/A error message. |
== Examples == | == Examples == | ||
| Line 73: | Line 71: | ||
=COUPDAYS(A1,A2,A3,A4) ''displays 183'' as a result. | =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. | =COUPDAYS(DATE(2012,1,1),DATE(2013,1,1),1,1) ''displays 366'' as a result. | ||
| + | |||
| + | ==Related Videos== | ||
| + | |||
| + | {{#ev:youtube|v=Sdod6NuKvOU|280|center|COUPDAYS}} | ||
== See Also == | == See Also == | ||
| Line 83: | Line 85: | ||
*[http://en.wikipedia.org/wiki/Coupon_(bond) Coupon] | *[http://en.wikipedia.org/wiki/Coupon_(bond) Coupon] | ||
*[http://en.wikipedia.org/wiki/Day_count_convention Day Count Basis] | *[http://en.wikipedia.org/wiki/Day_count_convention Day Count Basis] | ||
| + | |||
| + | |||
| + | |||
| + | *[[Z_API_Functions | List of Main Z Functions]] | ||
| + | |||
| + | *[[ Z3 | Z3 home ]] | ||
Latest revision as of 14:26, 15 November 2018
COUPDAYS (SettlementDate,MaturityDate,Frequency,Basis)
- Where Failed to parse (MathML with SVG or PNG fallback (recommended for modern browsers and accessibility tools): Invalid response ("Math extension cannot connect to Restbase.") from server "https://wikimedia.org/api/rest_v1/":): {\displaystyle SettlementDate} is the security's settlement date (a date when coupon or a bond is purchased),
- Failed to parse (MathML with SVG or PNG fallback (recommended for modern browsers and accessibility tools): Invalid response ("Math extension cannot connect to Restbase.") from server "https://wikimedia.org/api/rest_v1/":): {\displaystyle MaturityDate} is the security's maturity date (a date when coupon or a bond expires),
- Failed to parse (MathML with SVG or PNG fallback (recommended for modern browsers and accessibility tools): Invalid response ("Math extension cannot connect to Restbase.") from server "https://wikimedia.org/api/rest_v1/":): {\displaystyle Frequency} is the number of coupon payments per year, and
- Failed to parse (MathML with SVG or PNG fallback (recommended for modern browsers and accessibility tools): Invalid response ("Math extension cannot connect to Restbase.") from server "https://wikimedia.org/api/rest_v1/":): {\displaystyle Basis}
is the type of day count basis to use.
- COUPDAYS(), returns the number of days in the coupon period that contains the settlement date.
Description
COUPDAYS (SettlementDate,MaturityDate,Frequency,Basis)
- COUPDAYS() calculates the number of days between the coupon dates surrounding the settlement date.
- Failed to parse (MathML with SVG or PNG fallback (recommended for modern browsers and accessibility tools): Invalid response ("Math extension cannot connect to Restbase.") from server "https://wikimedia.org/api/rest_v1/":): {\displaystyle SettlementDate} and Failed to parse (MathML with SVG or PNG fallback (recommended for modern browsers and accessibility tools): Invalid response ("Math extension cannot connect to Restbase.") from server "https://wikimedia.org/api/rest_v1/":): {\displaystyle MaturityDate} 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 Failed to parse (MathML with SVG or PNG fallback (recommended for modern browsers and accessibility tools): Invalid response ("Math extension cannot connect to Restbase.") from server "https://wikimedia.org/api/rest_v1/":): {\displaystyle SettlementDate} ≥ Failed to parse (MathML with SVG or PNG fallback (recommended for modern browsers and accessibility tools): Invalid response ("Math extension cannot connect to Restbase.") from server "https://wikimedia.org/api/rest_v1/":): {\displaystyle MaturityDate} date, Calci displays #N/A error message.
- The values for Failed to parse (MathML with SVG or PNG fallback (recommended for modern browsers and accessibility tools): Invalid response ("Math extension cannot connect to Restbase.") from server "https://wikimedia.org/api/rest_v1/":): {\displaystyle Frequency} should be 1,2 or 4.
For Annual payment, Frequency = 1,
For Semi-annual payment, Frequency = 2,
For Quarterly payment, Frequency = 4.
- Failed to parse (MathML with SVG or PNG fallback (recommended for modern browsers and accessibility tools): Invalid response ("Math extension cannot connect to Restbase.") from server "https://wikimedia.org/api/rest_v1/":): {\displaystyle Basis} value is optional. If omitted, Calci assumes it to be 0.
Below table shows the use of Failed to parse (MathML with SVG or PNG fallback (recommended for modern browsers and accessibility tools): Invalid response ("Math extension cannot connect to Restbase.") from server "https://wikimedia.org/api/rest_v1/":): {\displaystyle Basis} values:
| Basis | Description |
|---|---|
| 0 | US (NASD) 30/360 |
| 1 | Actual/actual |
| 2 | Actual/360 |
| 3 | Actual/365 |
| 4 | European 30/360 |
- If Failed to parse (MathML with SVG or PNG fallback (recommended for modern browsers and accessibility tools): Invalid response ("Math extension cannot connect to Restbase.") from server "https://wikimedia.org/api/rest_v1/":): {\displaystyle Basis} 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.
Related Videos
See Also
References