Difference between revisions of "Manuals/calci/COUPDAYS"

Revision as of 15:56, 22 August 2018

COUPDAYS (SettlementDate,MaturityDate,Frequency,Basis)

Where $SettlementDate$ is the security's settlement date (a date when coupon or a bond is purchased),
$MaturityDate$ is the security's maturity date (a date when coupon or a bond expires),
$Frequency$ is the number of coupon payments per year, and
is the type of day count basis to use.
- COUPDAYS(), returns the number of days in the coupon period that contains the settlement date.

COUPDAYS (SettlementDate,MaturityDate,Frequency,Basis)

COUPDAYS() calculates the number of days between the coupon dates surrounding the settlement date.
$SettlementDate$ and $MaturityDate$ 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 $SettlementDate$ ≥ $MaturityDate$ 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 COUPDAYS function:

=COUPDAYS(A1,A2,A3,A4) displays 183 as a result.
=COUPDAYS(DATE(2012,1,1),DATE(2013,1,1),1,1) displays 366 as a result.

@@ Line 5: / Line 5: @@
 *<math>Frequency</math> is the number of coupon payments per year, and
 *<math>Basis</math> is the type of day count basis to use.
+**COUPDAYS(), returns the number of days in the coupon period that contains the settlement date.
-COUPDAYS(), returns the number of days in the coupon period that contains the settlement date.
 == Description ==