Coupdays function - Calculates the number of days in a coupon period and contains the settlement date in Excel

The following article details how to use the CoupDays function in excel. Function meaning: The COUPDAYS function calculates the number of days in the coupon period and contains the settlement date. Syntax: COUPDAYS (settlement, maturity, frequency, [basis]).

The following article details how to use the CoupDays function in excel.

Function meaning: The COUPDAYS function calculates the number of days in the coupon period and contains the settlement date.

Syntax: COUPDAYS (settlement, maturity, frequency, [basis]) .

Inside:

- settlement : The settlement date is the date after the securities are sold after the issuance date.

- maturity: The maturity or expiry date of a security.

- frequency : Number of coupon payments of securities by year. The following values ​​are available:

+ frequency = 1: Pay annually.

+ frequency = 2: Half-year payment.

+ frequency = 4: Payment quarterly.

- basis : Basis for calculating the number of days.

+ basis = 0 or omit this value: the base counts on 30/360 according to US.

+ basis = 1: Calculate the actual number of days / actual year.

+ basis = 2: actual month / 360 days / year.

+ basis = 3: actual month / 365 days / year + basis = 4: 30/360 days according to European standards.

Example: Calculating the number of days in a coupon period containing the settlement date.

Coupdays function - Calculates the number of days in a coupon period and contains the settlement date in Excel Picture 1Coupdays function - Calculates the number of days in a coupon period and contains the settlement date in Excel Picture 1

In the cell to calculate enter the following formula: COUPDAYS (A17, B17, C17, D17) .

Coupdays function - Calculates the number of days in a coupon period and contains the settlement date in Excel Picture 2Coupdays function - Calculates the number of days in a coupon period and contains the settlement date in Excel Picture 2

Note: In the example above, the default does not enter in the default type with the value = 0. And when entering the date you pay attention to the date format must match the basis of counting dates. If you enter the wrong date basis => report #NUM !:

Coupdays function - Calculates the number of days in a coupon period and contains the settlement date in Excel Picture 3Coupdays function - Calculates the number of days in a coupon period and contains the settlement date in Excel Picture 3

Above is a detailed guide on how to use and apply the COUPDAYS function, hoping to help you.

Good luck!

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