Difference between revisions of "Manuals/calci/COUPNCD"

Revision as of 15:23, 23 July 2018

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(), returns the next coupon date after the settlement date.

COUPNCD(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 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.

@@ Line 6: / Line 6: @@
 *<math>Basis</math> is the type of day count basis to use.
-COUPNCD() calculates the next coupon date after the settlement date.
+COUPNCD(), returns the next coupon date after the settlement date.
 == Description ==