The Excel COUPDAYSNC is categorized under financial functions. COUPDAYSNC function helps calculate the number of days from the settlement date to the next coupon date.
Purpose of Excel COUPDAYSNC Function
To get days from settlement date to the next coupon date.
COUPDAYSNC function returns a number of days to the next coupon date.
= COUPDAYSNC (settlement, maturity, frequency, [basis])
|settlement||The security’s settlement date. The security settlement date is the date after the issue date when the security is traded to the buyer.||Mandatory|
|maturity||The security’s maturity date. The maturity date is the date when the security expires.||Mandatory|
|frequency||The number of coupon payments per year. For annual payments, frequency = 1; for semiannual, frequency = 2; for quarterly, frequency = 4.||Mandatory|
|[basis]||The type of day count basis to use.||Optional|
|BASIS||DAY COUNT BASIS|
|0 or Omitted||US (NASD) 30/360|
- All arguments are truncated to integers.
- If settlement or maturity is not a valid date, COUPDAYSNC returns the #VALUE! error value.
- If frequency is any number other than 1, 2, or 4, COUPDAYSNC returns the #NUM! error value.
- If basis < 0 or if basis > 4, COUPDAYSNC returns the #NUM! error value.
- If settlement ≥ maturity, COUPDAYSNC returns the #NUM! error value.
- Excel stores date as sequential serial numbers so they can be used in calculations. By default, January 1, 1900, is serial number 1, and January 1, 2008, is serial number 39448 because it is 39,448 days after January 1, 1900.
Since 2007 for Windows.
Since 2011 for Mac.