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

Lookup and Reference Examples

  • How to use Excel LOOKUP Function
  • Count rows with at least n matching values
  • How to use Excel OFFSET function
  • Find Closest Match in Excel Using INDEX, MATCH, ABS and MIN functions
  • How to get address of last cell in range in Excel

Data Analysis Examples

  • Example of COUNTIFS with variable table column in Excel
  • Understanding Anova in Excel
  • Subtotal function in Excel
  • Conditional Formatting New Rule with Formulas in Excel
  • Working With Tables in Excel

Data Validation Examples

  • Excel Data validation date in specific year
  • Excel Data validation exists in list
  • Excel Data validation only dates between
  • Excel Data validation must begin with
  • Excel Data validation must contain specific text

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

by

What is COUPPCD function in Excel?

COUPPCD function is one of the Financial functions in Microsoft Excel that returns a number that represents the previous coupon date before the settlement date.

Syntax of COUPPCD function

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

The COUPPCD 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

COUPPCD 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, COUPPCD returns the #VALUE! error value.
  • If frequency is any number other than 1, 2, or 4, COUPPCD returns the #NUM! error value.
  • If basis < 0 or if basis > 4, COUPPCD returns the #NUM! error value.
  • If settlement ≥ maturity, COUPPCD returns the #NUM! error value.

Example of COUPPCD 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
=COUPPCD(A2,A3,A4,A5) The previous coupon date before the settlement date, for a bond with the above terms. 15-Nov-10

Post navigation

Previous Post:

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

Next Post:

DDB 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
  • Remove line breaks in a cell in Excel
  • Split dimensions into three parts in Excel
  • Get last name from name with comma — Manipulating NAMES in Excel
  • SUBSTITUTE function: Description, Usage, Syntax, Examples and Explanation
  • How to get last word in a cell in Excel
  • Generate series of dates by weekends in Excel
  • How to calculate nth day of year in Excel
  • ISOWEEKNUM function: Description, Usage, Syntax, Examples and Explanation
  • DATEDIF function: Description, Usage, Syntax, Examples and Explanation
  • Sum race time splits in Excel
  • IRR function: Description, Usage, Syntax, Examples and Explanation
  • Calculate payment for a loan in Excel
  • How to calculate Net Present Value (NPV) in Excel
  • RECEIVED function: Description, Usage, Syntax, Examples and Explanation
  • Calculate cumulative loan principal payments in Excel
Acronyms, Abbreviations, Initialism & What They Stand For
© 2021 xlsoffice. All Rights Reserved | Teal Smiles