COUPNCD

COUPNCD

Synopsis

COUPNCD(settlement,maturity,frequency[,basis,eom])

Description

COUPNCD returns the coupon date following settlement.

settlement is the settlement date of the security.

maturity is the maturity date of the security.

frequency is the number of coupon payments per year.

eom = TRUE handles end of month maturity dates special.

Allowed frequencies are: 1 = annual, 2 = semi, 4 = quarterly, 6 = bimonthly, 12 = monthly.

basis is the type of day counting system you want to use:

0 MSRB 30/360 (MSRB Rule G33 (e))

1 actual days/actual days

2 actual days/360

3 actual days/365

4 European 30/360

5 European+ 30/360

(See the gnumeric manual for a detailed description of these bases).

  • If frequency is invalid, COUPNCD returns #NUM! error.
  • If basis is omitted, MSRB 30/360 is applied.
  • If basis is invalid, #NUM! error is returned.

Examples

COUPNCD (DATE(2002,11,29),DATE(2004,2,29),4,0) = 30-Nov-2002

COUPNCD (DATE(2002,11,29),DATE(2004,2,29),4,0,FALSE) = 28-Feb-2003

See also