COUPNCD

Returns the next coupon date that comes after the settlement date.

Syntax

COUPNCD(settlement; maturity; frequency; [basis])

settlement : Date of purchase of the security. Eg., "2/1/2018"
maturity : Date on which the security matures. Eg., "4/12/2018"
frequency : Number of interest payments per year (1, 2, or 4). Eg., 2
basis : Indicates the day count method to use. Defaults to 0 if omitted.
0 - US method (NASD), 12 months of 30 days each
1 - Exact number of days in months, exact number of days in year
2 - Exact number of days in month; year has 360 days
3 - Exact number of days in month; year has 365 days

4 - European method, 12 months of 30 days each

Examples

Formula	Result
=COUPNCD(A2;B2;C2;D2)	43202
=COUPNCD(A3;B3;C3;D3)	43465
=COUPNCD(A4;B4;C4;D4)	42791

Possible Errors

Errors	Meaning
#N/A!	The function could not find the value it was asked to look for. Commonly occurs in VLOOKUP and similar functions.
#NAME!	The function name is incorrect or invalid. The given defined name (if any) is invalid. There is a typo in the defined name used in the function. Double quotes are missing for text values in the function. Colon missing in a cell range reference.
#VALUE!	The given argument's data type is incorrect or invalid. For example, the function =DATE(A1:A3) will return a #VALUE error when a text value is present in the range.
#REF!	The given cell reference is incorrect or invalid. This error may occur when a cell/range has been deleted, moved, or pasted over.
#NUM!	The value of frequency is a number other than 1, 2, and 4. The value of basis is not between 0 and 4. The settlement date is after the maturity date.

Similar Functions

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