COUPPCD

COUPPCD

Synopsis

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

Description

COUPPCD returns the coupon date preceding settlement.

settlement is the settlement date of the security.

maturity is the maturity date of the security.

frequency is the number of coupon payments per year.

eom = TRUE handles end of month maturity dates special.

Allowed frequencies are: 1 = annual, 2 = semi, 4 = quarterly, 6 = bimonthly, 12 = monthly.

basis is the type of day counting system you want to use:

0 MSRB 30/360 (MSRB Rule G33 (e))

1 actual days/actual days

2 actual days/360

3 actual days/365

4 European 30/360

5 European+ 30/360

(See the gnumeric manual for a detailed description of these bases).

  • If frequency is invalid, COUPPCD returns #NUM! error.
  • If basis is omitted, MSRB 30/360 is applied.
  • If basis is invalid, #NUM! error is returned.

Examples

COUPPCD (DATE(2002,11,29),DATE(2004,2,29),4,0) = 31-Aug-2002

COUPPCD (DATE(2002,11,29),DATE(2004,2,29),4,0,FALSE) = 29-Nov-2002

See also