COUPNCD(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.

COUPNCD() calculates the next coupon date after the settlement date.

Description

$settlement$ 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 COUPNCD function:

1. =COUPNCD(A1,A2,A3,A4) displays Mon Dec 20 2010 15:30:06 GMT+0530 (India Standard Time) 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.