# Manuals/calci/COUPNCD

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COUPNCD(Settlement, Maturity, 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.
• COUPNCD(), returns the next coupon date after the settlement date.

## Description

COUPNCD(Settlement, Maturity, Frequency, Basis)

• 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 = 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 COUPNCD function:

 06/20/2010 12/20/2014 2 1

1. =COUPNCD(A1,A2,A3,A4) displays Mon Dec 20 2010 15:30:06 GMT+0530 (India Standard Time) as a result.

2. =COUPNCD(DATE(2012,1,31),DATE(2014,1,6),1,1) displays Sun Jan 06 2013 00:00:00 GMT+0530 (India Standard Time) as a result.

COUPNCD