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DEMOS DOC DESIGNER API
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COUPDAYSNC

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)