Difference between revisions of "Manuals/calci/COUPDAYSNC"

Revision as of 15:57, 22 August 2018

COUPDAYSNC(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
is the type of day count basis to use.
- COUPDAYSNC(), returns the number of days from the settlement date to the next coupon date.

COUPDAYSNC(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 COUPDAYSNC function:

=COUPDAYSNC(A1,A2,A3,A4) displays 183 as a result.
=COUPDAYSNC(DATE(2012,1,6),DATE(2013,6,6),1,1) displays 152 as a result.

@@ Line 4: / Line 4: @@
 *<math>Frequency</math> is the number of coupon payments per year, and
 *<math>Basis</math> is the type of day count basis to use.
+**COUPDAYSNC(), returns the number of days from the settlement date to the next coupon date.
-COUPDAYSNC(), returns the number of days from the settlement date to the next coupon date.
 == Description ==