COUPPCD(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.

COUPPCD() calculates the previous coupon date, before the settlement date for a security.

Description

COUPPCD(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 COUPPCD function:

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

1. =COUPPCD(A1,A2,A3,A4) displays Sun Jun 20 2010 15:57:03 GMT+0530 (India Standard Time) as a result.

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

Related Videos

COUPPCD

See Also


References