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)

Version Available

This function is available in product version 2.0 or later.

See Also

COUPDAYS | COUPDAYBS | Financial Functions