COUPNCD function in Excel returns the next coupon date after the settlement, you can apply this function across Office 2013, Office 2010, Office 2007, and Office 2003. This article will provide a deeper understanding of the COUPNCD function and enhance your Excel skills.
COUPNCD Function and Examples
Guide to using COUPNCD function in Excel - Illustrated Examples
Syntax: COUPNCD(settlement, maturity, frequency, [basis])
Where:
- Settlement: Securities settlement date (The date securities are sold to the buyer after issuance)
- Maturity: Securities maturity date (The date securities expire)
- Frequency: Number of interest payments per year
+ Frequency = 1: Yearly payment
+ Frequency = 2: Semi-annual payment
+ Frequency = 4: Quarterly payment
- Basis: Day count basis
+ Basis = 0 or omitted: US (NASD) 30/360
+ Basis = 1: Actual/actual
+ Basis = 2: Actual/360
+ Basis = 3: Actual/365
+ Basis = 4: European 30/360
Consider Examples
