Difference between revisions of "Manuals/calci/COUPDAYSNC"

Revision as of 16:56, 13 July 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
$Basis$ is the type of day count basis to use.

COUPDAYSNC() calculates 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 1: / Line 1: @@
-=COUPDAYSNC(Settlement, Maturity, Frequency, Basis)=
+<div style="font-size:25px">'''COUPDAYSNC(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),
 *<math>Maturity</math> is the security's maturity date (a date when coupon or a bond expires),