Manuals/calci/COUPDAYBS

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.

Description

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.

• $basis$ value is optional. If omitted, Calci assumes it to be 0.

Below table shows the use of $basis$ values:

Basis	Description
0	US (NASD) 30/360
1	Actual/actual
2	Actual/360
3	Actual/365
4	European 30/360

• If $basis$ 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

COUPDAYBS

See Also

• COUPDAYS
• COUPDAYSNC

References

• Coupon
• Day Count Basis