Skip to content
Free Excel Tutorials
  • Home
  • Excel For Beginners
  • Excel Intermediate
  • Advanced Excel For Experts

Data Analysis

  • How to Sort by Color in Excel
  • How to create Gauge Chart in Excel
  • How to Create One and Two Variable Data Tables in Excel
  • How to Create Column Chart in Excel
  • Conflicting Multiple Conditional Formatting Rules in Excel

References

  • How to get relative column numbers in a range in Excel
  • How to use Excel ROW Function
  • Basic INDEX MATCH approximate in Excel
  • Get nth match with INDEX / MATCH in Excel
  • Two-column Lookup in Excel

Data Validations

  • Excel Data validation no punctuation
  • Excel Data validation must not contain
  • Excel Data validation exists in list
  • Data validation must not exist in list
  • Excel Data validation number multiple 100

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

by

What is COUPNCD function in Excel?

COUPNCD function is one of the Financial functions in Microsoft Excel that returns a number that represents the next coupon date after the settlement date.

Syntax of COUPNCD function

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

The COUPNCD 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

COUPNCD 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, which is 30 years after the January 1, 2008, issue date.
  • All arguments are truncated to integers.
  • If settlement or maturity is not a valid date, COUPNCD returns the #VALUE! error value.
  • If frequency is any number other than 1, 2, or 4, COUPNCD returns the #NUM! error value.
  • If basis < 0 or if basis > 4, COUPNCD returns the #NUM! error value.
  • If settlement ≥ maturity, COUPNCD returns the #NUM! error value.

Example of COUPNCD 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
=COUPNCD(A2,A3,A4,A5) The next coupon date after the settlement date, for a bond with the above terms 15-May-11

Post navigation

Previous Post:

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

Next Post:

COUPDAYSNC 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

Logical Functions

  • IF, AND, OR and NOT Functions Examples in Excel
  • AND function: Description, Usage, Syntax, Examples and Explanation
  • How to use IFS function in Excel
  • Complete List of Excel Logical Functions, References and Examples
  • How to use Excel FALSE Function

Date Time

  • Calculate expiration date in Excel
  • Convert date string to date time in Excel
  • Excel Date & Time Functions Example
  • Create date range from two dates in Excel
  • EDATE function: Description, Usage, Syntax, Examples and Explanation

Grouping

  • Map text to numbers in Excel
  • Group times into unequal buckets in Excel
  • How to randomly assign people to groups in Excel
  • If cell contains one of many things in Excel
  • Group times into 3 hour buckets in Excel

General

  • Split Cell Content Using Text to Columns in Excel
  • How to get original number from percent change in Excel
  • How to count total columns in range in Excel
  • Convert column number to letter in Excel
  • How to calculate percent variance in Excel
© 2023 xlsoffice . All Right Reserved. | Teal Smiles | Abbreviations And Their Meaning