Skip to content
xlsoffice. All Rights Reserved
  • Home
  • Excel For Beginners
  • Excel Intermediate
  • Advanced Excel For Experts

Lookup and Reference Examples

  • How to get last row in mixed data with blanks in Excel
  • How to calculate two-way lookup VLOOKUP in Excel Table
  • Two-column Lookup in Excel
  • How to create dynamic named range with OFFSET in Excel
  • How to use Excel LOOKUP Function

Data Analysis Examples

  • How to Create Area Chart in Excel
  • Reverse List in Excel
  • How to Create Thermometer Chart in Excel
  • How to create Gauge Chart in Excel
  • How To Load Analysis ToolPak in Excel

Data Validation Examples

  • Excel Data validation no punctuation
  • Excel Data validation only dates between
  • How To Create Drop-down List in Excel
  • Excel Data validation must not contain
  • Excel Data validation allow uppercase only

COUPDAYBS function: Description, Usage, Syntax, Examples and Explanation

by

What is COUPDAYBS function in Excel?

COUPDAYBS function is one of the Financial functions in Microsoft Excel that returns the number of days from the beginning of a coupon period until its settlement date.

Syntax of COUPDAYBS function

COUPDAYBS(settlement, maturity, frequency, [basis])

The COUPDAYBS function syntax has the following arguments:

  • 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.
  • Maturity: The security’s maturity date. The maturity date is the date when the security expires.
  • Frequency: The number of coupon payments per year. For annual payments, frequency = 1; for semiannual, frequency = 2; for quarterly, frequency = 4.
  • Basis(Optional): The type of day count basis to use.

Note: Problems can occur if dates are entered as text. Therefore, all dates should be entered by using the DATE function, or formatted as date under format cell to avoid errors.

Basis Day count basis
0 or omitted US (NASD) 30/360
1 Actual/actual
2 Actual/360
3 Actual/365
4 European 30/360

COUPDAYBS formula explanation

  • Microsoft Excel stores dates 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.
  • The settlement date is the date a buyer purchases a coupon, such as a bond. The maturity date is the date when a coupon expires. For example, suppose a 30-year bond is issued on January 1, 2008, and is purchased by a buyer six months later. The issue date would be January 1, 2008, the settlement date would be July 1, 2008, and the maturity date would be January 1, 2038, 30 years after the January 1, 2008, issue date.
  • All arguments are truncated to integers.
  • If settlement or maturity is not a valid date, COUPDAYBS returns the #VALUE! error value.
  • If frequency is any number other than 1, 2, or 4, COUPDAYBS returns the #NUM! error value.
  • If basis < 0 or if basis > 4, COUPDAYBS returns the #NUM! error value.
  • If settlement ≥ maturity, COUPDAYBS returns the #NUM! error value.

Example of COUPDAYBS function

Steps to follow:

1. Open a new Excel worksheet.

2. Copy data in the following table below and paste it in cell A1

Note: For formulas to show results, select them, press F2 key on your keyboard and then press Enter.

You can adjust the column widths to see all the data, if need be.

Data Description
25-Jan-11 Settlement date
15-Nov-11 Maturity date
2 Semiannual coupon (see above)
1 Actual/actual basis (see above)
Formula Description Result
=COUPDAYBS(A2,A3,A4,A5) The number of days from the beginning of the coupon period to the settlement date, for a bond with the above terms 71

Post navigation

Previous Post:

COUPDAYS function: Description, Usage, Syntax, Examples and Explanation

Next Post:

AMORLINC function: Description, Usage, Syntax, Examples and Explanation

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Learn Basic Excel

Ribbon
Workbook
Worksheets
Format Cells
Find & Select
Sort & Filter
Templates
Print
Share
Protect
Keyboard Shortcuts

Categories

  • Charts
  • Data Analysis
  • Data Validation
  • Excel Functions
    • Cube Functions
    • Database Functions
    • Date and Time Functions
    • Engineering Functions
    • Financial Functions
    • Information Functions
    • Logical Functions
    • Lookup and Reference Functions
    • Math and Trig Functions
    • Statistical Functions
    • Text Functions
    • Web Functions
  • Excel VBA
  • Excel Video Tutorials
  • Formatting
  • Grouping
  • Others
  • Extract last name from full name — Manipulating NAMES in Excel
  • How to abbreviate names or words in Excel
  • How to Remove Leading Spaces in Excel
  • Split dimensions into two parts in Excel Worksheet
  • Get first name from full name — Manipulating NAMES in Excel
  • Convert decimal seconds to Excel time
  • EDATE function: Description, Usage, Syntax, Examples and Explanation
  • Add business days to date in Excel
  • Calculate retirement date in Excel
  • Get day from date in Excel
  • Tax rate calculation with fixed base in Excel
  • RECEIVED function: Description, Usage, Syntax, Examples and Explanation
  • DOLLARDE function: Description, Usage, Syntax, Examples and Explanation
  • YIELDDISC function: Description, Usage, Syntax, Examples and Explanation
  • ACCRINTM function: Description, Usage, Syntax, Examples and Explanation
Acronyms, Abbreviations, Initialism & What They Stand For
© 2021 xlsoffice. All Rights Reserved | Teal Smiles