Spread Formula Reference
Formula Functions / Functions A to C / COUPPCD
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    COUPPCD
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    This function returns a date number of the previous coupon date before the settlement date.

    Syntax

    COUPPCD(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

    COUPPCD(B1,B2,B3,B4)

    COUPPCD(R6C3,R9C4,R1C1,R2C2)

    Version Available

    This function is available in product version 2.0 or later.

    See Also

    COUPNCD | Financial Functions