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| − | <div style="font-size:25px">'''COUPDAYS(settlement, maturity, frequency, basis)'''</div><br/> | + | <div style="font-size:25px">'''COUPDAYS (SettlementDate,MaturityDate,Frequency,Basis)'''</div><br/> |
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| − | *Where <math>settlement</math> is the security's settlement date (a date when coupon or a bond is purchased), | + | *Where <math>SettlementDate</math> is the security's settlement date (a date when coupon or a bond is purchased), |
| − | *<math>maturity</math> is the security's maturity date (a date when coupon or a bond expires), | + | *<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>Frequency</math> is the number of coupon payments per year, and |
| − | *<math>basis</math> is the type of day count basis to use. | + | *<math>Basis</math> is the type of day count basis to use. |
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| − | COUPDAYS() calculates the number of days in the coupon period. | + | COUPDAYS(), returns the number of days in the coupon period that contains the settlement date. |
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| | == Description == | | == Description == |
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| − | COUPDAYS(settlement, maturity, frequency, basis) | + | COUPDAYS (SettlementDate,MaturityDate,Frequency,Basis) |
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| | *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>settlement</math> and <math>maturity</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. | + | *<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 <math>settlement</math> date ≥ <math>maturity</math> date, Calci displays #N/A error message. | + | *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 <math>Frequency</math> should be 1,2 or 4. |
| − | For Annual payment, frequency = 1, | + | For Annual payment, Frequency = 1, |
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| − | For Semi-annual payment, frequency = 2, | + | For Semi-annual payment, Frequency = 2, |
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| − | For Quarterly payment, frequency = 4. | + | For Quarterly payment, Frequency = 4. |
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| − | *<math>basis</math> value is optional. If omitted, Calci assumes it to be 0. | + | *<math>Basis</math> value is optional. If omitted, Calci assumes it to be 0. |
| | Below table shows the use of <math>basis</math> values: | | Below table shows the use of <math>basis</math> values: |
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| | |} | | |} |
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| − | *If <math>basis</math> value is other than 0 to 4, Calci displays #N/A error message. | + | *If <math>Basis</math> value is other than 0 to 4, Calci displays #N/A error message. |
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| | == Examples == | | == Examples == |