COUPPCD function in excel is a financial function. It is used to retrieve the previous coupon date before the settlement date of a security. It is a worksheet function and can be entered into the cell in which value is required.
=COUPPCD(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, #NUM error is displayed.
In this example, various arguments are entered in column A and their values are entered in column B and COUPPCD function is used to retrieve the result in column D.