COUPNUM

Description

COUPNUM returns the numbers of coupons to be paid between the settlement and maturity dates, rounded up.

@settlement is the settlement date of the security.

@maturity is the maturity date of the security.

@frequency is the number of coupon payments per year.

@eom = TRUE handles end of month maturity dates special.

Allowed frequencies are: 1 = annual, 2 = semi, 4 = quarterly. 6 = bimonthly, 12 = monthly.

@basis is the type of day counting system you want to use:

0 MSRB 30/360 (MSRB Rule G33 (e))

1 actual days/actual days

2 actual days/360

3 actual days/365

4 European 30/360

5 European+ 30/360

If @frequency is other than 1, 2, or 4, COUPNUM returns #NUM! error. If @basis is omitted, MSRB 30/360 is applied. If @basis is not in between 0 and 4, #NUM! error is returned.

Examples

COUPNUM (DATE(2002,11,29),DATE(2004,2,29),4,0) = 6

COUPNUM (DATE(2002,11,29),DATE(2004,2,29),4,0,FALSE) = 5

See also