Difference between revisions of "Manuals/calci/COUPDAYBS"

Revision as of 16:54, 13 July 2018

COUPDAYBS(Settlement, Maturity, Frequency, Basis)

Where $Settlement$ is the security's settlement date (a date when coupon or a bond is purchased),
$Maturity$ is the security's maturity date (a date when coupon or a bond expires),
$Frequency$ is the number of coupon payments per year, and
$Basis$ 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.

COUPDAYBS(Settlement, Maturity, Frequency, Basis)

$Settlement$ and $Maturity$ 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 $Settlement$ date = $maturity$ date, Calci displays #N/A error message.
The values for $Frequency$ should be 1,2 or 4.

For Annual payment, frequency = 1,

For Semi-annual payment, frequency = 2,

For Quarterly payment, frequency = 4.

Below table shows the use of $Basis$ values:

Consider the following example that shows the use of COUPDAYBS function:

=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.

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−	=COUPDAYBS(Settlement, Maturity, Frequency, Basis)=	+	<div style="font-size:25px">'''COUPDAYBS(Settlement, Maturity, Frequency, Basis)'''</div><br/>

	*Where <math>Settlement</math> is the security's settlement date (a date when coupon or a bond is purchased),		*Where <math>Settlement</math> is the security's settlement date (a date when coupon or a bond is purchased),