COUPNCD function in excel is a financial function. It is used to retrieve the next coupon date after the settlement date. It is a worksheet function and can be entered into the cell in which value is required.
=COUPNCD(Settlement, Maturity, Frequency, basis)
Settlement: It is the settlement date of the security.
Maturity: It is the maturity date of the security.
Frequency: Number of coupon payments per year.
Basis: It is the day count basis to be used. Default value is 0.
- Microsoft Excel stores dates as serial numbers. By default, January 1, 1900 is serial number 1 and corresponding dates have serial number greater than 1.
- Settlement and basis are converted to integers.
- If Maturity is not in valid format, #VALUE error is returned.
- If Basis is less than zero or more than 4, #NUM error is displayed.
In this example, various arguments are entered in column A and their values are entered in column B and COUPNCD function is used to retrieve the result in column D.