This function calculates the number of days from the settlement date to the next coupon date.
Syntax
COUPDAYSNC(settlement,maturity,frequency,basis)
Arguments
This function has these arguments:
| Argument | Description |
|---|---|
| settlement | Settlement date for the security |
| maturity | Maturity date for the security |
| frequency | Frequency of payment, number of coupon payments per year; must be 1, 2, or 4 |
| basis | [Optional] Integer representing the basis for day count (Refer to Day Count Basis.) |
Remarks
This function returns an error if settlement or maturity is invalid (#VALUE!), or if frequency is a number other than 1, 2, or 4 (#NUM!). All arguments are truncated to integers. If basis is greater than 4 or less than 0, a #NUM! error is returned. If settlement is greater than or equal to maturity, a #NUM! error is returned.
Data Types
Accepts numeric and DateTime object data. Returns numeric data.
Examples
COUPDAYSNC(A1,A2,A3,A4)
Version Available
This function is available in product version 2.0 or later.
See Also
COUPDAYS | COUPDAYBS | Financial Functions