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 Microsoft Excel > Functions > Financial > COUPPCD
 

COUPPCD(settlement, maturity, frequency [,basis])

 
 Returns a number that represents the previous coupon date before the settlement date.

 settlementThe settlement date of the security.
 maturityThe maturity of the security.
 frequencyThe number of coupon payments in a year:
1 = annual
2 = semi annual
4 = quarterly
 basisThe type of day counting to use:
0 = US 30/360
1 = Actual/Actual
2 = Actual/360
3 = Actual/365
4 = European 30/360

 REMARKS
 
  		• This function is only available if you have the Analysis ToolPak add-in installed.
     
  		• The "settlement" is the date a buyer purchases a coupon, such as a bond.
     
  		• The "maturity" is the date when the security expires.
     
  		• All arguments are truncated to integers.
     
  		• If "settlement" >= "maturity", then #NUM! is returned.
     
  		• If "settlement" is not a valid date, then #NUM! is returned.
     
  		• If "maturity" is not a valid date, then #NUM! is returned.
     
  		• If "frequency" is any number other than 1, 2 or 4, then #NUM! is returned.
     
  		• If "basis" < 0, then #NUM! is returned.
     
  		• If "basis" > 4, then #NUM! is returned.
     
  		• If "basis" is left blank, then 0 is used.
     
  		• What if the maturity date has passed ??

     EXAMPLES
     
     A
    1=COUPPCD("25/1/2007","15/11/2008",2,1) = 15/11/2006
    2=COUPPCD("1/25/1998","11/15/1999",2,1) = #VALUE!
    		 
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