Difference between revisions of "Manuals/calci/COUPDAYBS"
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| − | + | =COUPDAYBS(settlement, maturity, frequency, basis)= | |
| − | < | + | *Where <math>settlement</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>frequency</math> is the number of coupon payments per year, and | ||
| + | *<math>basis</math> is the type of day count basis to use. | ||
| − | + | COUPDAYBS() calculates the number of days from the beginning of coupon period to the settlement date. | |
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| − | + | == Description == | |
| − | + | COUPDAYBS(settlement, maturity, frequency, basis) | |
| − | </ | + | *<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. |
| − | + | *If <math>settlement</math> date = <math>maturity</math> date, Calci displays #N/A error message. | |
| − | < | + | *The values for <math>frequency</math> should be 1,2 or 4. |
| + | For Annual payment, frequency = 1, | ||
| − | + | For Semi-annual payment, frequency = 2, | |
| − | + | For Quarterly payment, frequency = 4. | |
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| − | < | + | *<math>basis</math> value is optional. If omitted, Calci assumes it to be 0. |
| + | Below table shows the use of <math>basis</math> values: | ||
| − | + | {| class="wikitable" | |
| − | + | |- | |
| − | + | ! Basis !! Description | |
| − | + | |- | |
| − | + | | 0 || US (NASD) 30/360 | |
| − | + | |- | |
| − | + | | 1 || Actual/actual | |
| + | |- | ||
| + | | 2 || Actual/360 | ||
| + | |- | ||
| + | | 3 || Actual/365 | ||
| + | |- | ||
| + | | 4 || European 30/360 | ||
| + | |} | ||
| − | < | + | *If <math>basis</math> value is other than 0 to 4, Calci displays #N/A error message. |
| − | + | == Examples == | |
| − | + | Consider the following example that shows the use of COUPDAYBS function: | |
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| + | | class=" " | 01/25/2011 | ||
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| − | | class=" " | | + | | class="sshl_f" | 12/15/2012 |
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|} | |} | ||
| − | + | =COUPDAYBS(A1,A2,A3,A4) ''displays 41'' as a result. | |
| − | + | =COUPDAYBS(DATE(2008,6,1),DATE(2009,11,1),2,1) ''displays 31'' as a result. | |
| + | |||
| + | == See Also == | ||
| + | |||
| + | *[[Manuals/calci/COUPDAYS | COUPDAYS]] | ||
| + | *[[Manuals/calci/COUPDAYSNC | COUPDAYSNC]] | ||
| + | |||
| + | == References == | ||
| + | |||
| + | *[http://en.wikipedia.org/wiki/Coupon_(bond) Coupon] | ||
| + | *[http://en.wikipedia.org/wiki/Day_count_convention Day Count Basis] | ||
Revision as of 20:44, 17 January 2014
COUPDAYBS(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.
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.COUPDAYBS() calculates the number of days from the beginning of coupon period to the settlement date.
Description
COUPDAYBS(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 COUPDAYBS function:
| 01/25/2011 | ||
| 12/15/2012 | ||
| 1 | ||
| 1 |
=COUPDAYBS(A1,A2,A3,A4) displays 41 as a result. =COUPDAYBS(DATE(2008,6,1),DATE(2009,11,1),2,1) displays 31 as a result.