Difference between revisions of "Manuals/calci/COUPNCD"

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=COUPNCD(settlement, maturity, frequency, basis)=
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<div style="font-size:25px">'''COUPNCD(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),  
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*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),  
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*<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  
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*<math>Frequency</math> is the number of coupon payments per year, and  
*<math>basis</math> is the type of day count basis to use.
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*<math>Basis</math> is the type of day count basis to use.
 
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**COUPNCD(), returns the next coupon date after the settlement date.
COUPNCD() calculates the next coupon date after the settlement date.
 
  
 
== Description ==
 
== Description ==
  
COUPNCD(settlement, maturity, frequency, basis)
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COUPNCD(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.
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*<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.
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*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.  
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*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>basis</math> value is optional. If omitted, Calci assumes it to be 0.  
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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:
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Below table shows the use of <math>Basis</math> values:
  
 
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*If <math>basis</math> value is other than 0 to 4, Calci displays #N/A error message.
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*If <math>Basis</math> value is other than 0 to 4, Calci displays #N/A error message.
  
 
== Examples ==
 
== Examples ==
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1. =COUPNCD(A1,A2,A3,A4) displays '''Mon Dec 20 2010 15:30:06 GMT+0530 (India Standard Time)''' as a result.
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1. =COUPNCD(A1,A2,A3,A4) displays '''12/20/2010''' as a result.
  
2. =COUPNCD(DATE(2012,1,31),DATE(2014,1,6),1,1) displays '''Sun Jan 06 2013 00:00:00 GMT+0530 (India Standard Time)''' as a result.
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2. =COUPNCD(DATE(2012,1,31),DATE(2014,1,6),1,1) displays '''01/06/2013''' as a result.
  
 
==Related Videos==
 
==Related Videos==
  
{{#ev:youtube|sH0foB1oh0Q|280|center|COUPNCD}}
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{{#ev:youtube|v=pPRoSLoPLcA|280|center|COUPNCD}}
  
 
== See Also ==
 
== See Also ==

Latest revision as of 04:34, 11 May 2022

COUPNCD(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.
    • COUPNCD(), returns the next coupon date after the settlement date.

Description

COUPNCD(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 COUPNCD function:

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

1. =COUPNCD(A1,A2,A3,A4) displays 12/20/2010 as a result.

2. =COUPNCD(DATE(2012,1,31),DATE(2014,1,6),1,1) displays 01/06/2013 as a result.

Related Videos

COUPNCD

See Also

References