Documentation/How Tos/Calc: COUPDAYSNC function
From Apache OpenOffice Wiki
COUPDAYSNC
Returns the number of days between the settlement date and the next coupon date.
This function is only available if the Analysis AddIn is installed.
Syntax:
COUPDAYSNC(settlement; maturity; frequency; basis)
- settlement: the date of purchase of the security.
- maturity: the date on which the security matures (expires).
- frequency: number of interest payments per year (1, 2 or 4).
- basis: is chosen from a list of options and indicates how the year is to be calculated. 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
Example:
COUPDAYSNC("2001-01-25"; "2001-11-15; 2; 4)
- returns 110. A security is purchased on 2001-01-25; the date of maturity is 2001-11-15. Interest is paid half-yearly (frequency is 2). Using basis 4, there are 110 days from the settlement date until the next interest payment.
