Description
The Excel COUPPCD function returns the previous coupon date, before the settlement date for a security.
The syntax of the function is :
COUPPCD( settlement, maturity, frequency, [basis] )
Where the arguments are as follows:
Note that, when supplying dates to Excel functions, these should be input as either:
- References to cells containing dates
or
- Dates returned from formulas
Warning:
Excel Couppcd Function Example
In the spreadsheet below the Excel Couppcd function is used to calculate the coupon date before the settlement date, for a security with settlement date 01-Jan-2011, maturity date 25-Oct-2012, and four coupon payments per year. The security uses the US (NASD) 30/360 day count basis.
The spreadsheet on the left shows the syntax of the function and the spreadsheet on the right shows the result.
Couppcd Function Errors
If you get an error from the Excel Couppcd Function, this is most likely to be one of the following:
Common Errors
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