Difference between revisions of "Manuals/calci/COUPDAYS"
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| − | + | =COUPDAYS(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. | |
| − | + | COUPDAYS() calculates the number of days in the coupon period. | |
| − | + | == Description == | |
| − | + | COUPDAYS(settlement, maturity, frequency, basis) | |
| − | + | *COUPDAYS() calculates the number of days between the coupon dates surrounding the settlement date. | |
| − | + | *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. | |
| + | *'coupon' and 'yield' values must be greater than or equal to zero. | ||
| + | *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. | |
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| − | * | + | *'basis' value is optional. If omitted, Calci assumes it to be 0. |
| − | + | Below table shows the use of 'basis' values: | |
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| − | + | {| class="wikitable" | |
| + | |- | ||
| + | ! Basis !! Description | ||
| + | |- | ||
| + | | 0 || US (NASD) 30/360 | ||
| + | |- | ||
| + | | 1 || Actual/actual | ||
| + | |- | ||
| + | | 2 || Actual/360 | ||
| + | |- | ||
| + | | 3 || Actual/365 | ||
| + | |- | ||
| + | | 4 || European 30/365 | ||
| + | |} | ||
| − | + | *If 'basis' value is other than 0 to 4, Calci displays #N/A error message. | |
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| − | + | == Examples == | |
| − | + | Consider the following example that shows the use of COUPDAYS function: | |
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| − | + | =COUPDAYS(A1,A2,A3,A4) ''displays 183'' as a result. | |
| − | + | =COUPDAYS(DATE(2012,1,1),DATE(2013,1,1),1,1) ''displays 366'' as a result. | |
| + | |||
| + | == See Also == | ||
| + | |||
| + | *[[Manuals/calci/COUPDAYBS | COUPDAYBS]] | ||
| + | *[[Manuals/calci/COUPDAYSNC | COUPDAYSNC]] | ||
| + | |||
| + | == References == | ||
| + | |||
| + | *[http://en.wikipedia.org/wiki/Coupon_(bond) Coupon] | ||
| + | *[http://en.wikipedia.org/wiki/Day_count_convention Day Count Basis] | ||
Revision as of 17:23, 17 January 2014
COUPDAYS(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.
COUPDAYS() calculates the number of days in the coupon period.
Description
COUPDAYS(settlement, maturity, frequency, basis)
- COUPDAYS() calculates the number of days between the coupon dates surrounding the settlement date.
- 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.
- 'coupon' and 'yield' values must be greater than or equal to zero.
- 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 30/365 |
- 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 COUPDAYS function:
| 06/20/2010 | ||
| 12/20/2014 | ||
| 2 | ||
| 1 |
=COUPDAYS(A1,A2,A3,A4) displays 183 as a result. =COUPDAYS(DATE(2012,1,1),DATE(2013,1,1),1,1) displays 366 as a result.