Difference between revisions of "Manuals/calci/COUPDAYBS"
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| − | =COUPDAYBS( | + | <div style="font-size:25px">'''COUPDAYBS(Settlement, Maturity, Frequency, Basis)'''</div><br/> |
| − | *Where <math> | + | *Where <math>Settlement</math> is the security's settlement date (a date when coupon or a bond is purchased), |
| − | *<math> | + | *<math>Maturity</math> is the security's maturity date (a date when coupon or a bond expires), |
| − | *<math> | + | *<math>Frequency</math> is the number of coupon payments per year, and |
| − | *<math> | + | *<math>Basis</math> is the type of day count basis to use. |
| − | + | **COUPDAYBS(), returns the number of days from the beginning of the coupon period to the settlement date. | |
| − | COUPDAYBS() | ||
== Description == | == Description == | ||
| − | COUPDAYBS( | + | COUPDAYBS(Settlement, Maturity, Frequency, Basis) |
| − | *<math> | + | *<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> | + | *If <math>Settlement</math> date = <math>maturity</math> date, Calci displays #N/A error message. |
| − | *The values for <math> | + | *The values for <math>Frequency</math> should be 1,2 or 4. |
For Annual payment, frequency = 1, | For Annual payment, frequency = 1, | ||
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For Quarterly payment, frequency = 4. | For Quarterly payment, frequency = 4. | ||
| − | *<math> | + | *<math>Basis</math> value is optional. If omitted, Calci assumes it to be 0. |
| − | Below table shows the use of <math> | + | Below table shows the use of <math>Basis</math> values: |
{| class="wikitable" | {| class="wikitable" | ||
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|} | |} | ||
| − | *If <math> | + | *If <math>Basis</math> value is other than 0 to 4, Calci displays #N/A error message. |
== Examples == | == Examples == | ||
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=COUPDAYBS(A1,A2,A3,A4) ''displays 41'' as a result. | =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. | =COUPDAYBS(DATE(2008,6,1),DATE(2009,11,1),2,1) ''displays 31'' as a result. | ||
| + | |||
| + | ==Related Videos== | ||
| + | |||
| + | {{#ev:youtube|v=BgwSA6ZAQT4|280|center|COUPDAYBS}} | ||
== See Also == | == See Also == | ||
| Line 81: | Line 84: | ||
*[http://en.wikipedia.org/wiki/Coupon_(bond) Coupon] | *[http://en.wikipedia.org/wiki/Coupon_(bond) Coupon] | ||
*[http://en.wikipedia.org/wiki/Day_count_convention Day Count Basis] | *[http://en.wikipedia.org/wiki/Day_count_convention Day Count Basis] | ||
| + | |||
| + | |||
| + | |||
| + | *[[Z_API_Functions | List of Main Z Functions]] | ||
| + | |||
| + | *[[ Z3 | Z3 home ]] | ||
Latest revision as of 14:24, 15 November 2018
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.
- COUPDAYBS(), returns the number of days from the beginning of the coupon period to the settlement date.
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.
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.
date, Calci displays #N/A error message.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.
Related Videos
See Also
References