COUPPCD function
PRO
The COUPPCD
function in Jspreadsheet Formulas Pro is used to find the last date when interest was paid on a security before a specific settlement date. This is useful for securities that pay interest at regular intervals. Essentially, it helps you track the interest payment history for your investments. It is a handy tool for managing and assessing the performance of securities in your portfolio.
Documentation
Calculates the previous coupon date before the settlement date for a security that pays periodic interest.
Category
Financial
Syntax
COUPPCD(settlement, maturity, frequency, [basis])
Parameter | Description |
---|---|
settlement |
The settlement date. |
maturity |
The maturity date. |
frequency |
The number of coupon payments per year. |
basis |
Optional. The type of day count basis to use. If omitted, assumed to be 0 (US or NASD) by default. |
Behavior
The COUPPCD
function is used to calculate the previous coupon date before the settlement date. The function takes four arguments: Settlement, Maturity, Frequency, and [Basis].
- Settlement: The security's settlement date, the date after the issue date when the security is traded to the buyer.
- Maturity: The security's maturity date, the date when the security expires.
- Frequency: The number of coupon payments per year. For annual payments, frequency = 1; for semiannual, frequency = 2; for quarterly, frequency = 4.
- Basis: The type of day count basis to use.
If a cell referenced by the function is empty, the function will treat it as zero. If the cell contains a non-numeric text, the function will return a #VALUE! error. If the cell contains a boolean value, the function will take it as 1 for TRUE and 0 for FALSE.
Common Errors
Error | Description |
---|---|
#NUM! | Occurs if the given settlement date is greater than the maturity date. |
#NUM! | Occurs if the given frequency is any number other than 1, 2, or 4. |
#NUM! | Occurs if the given basis is a number less than 0 or greater than 4. |
#VALUE! | Occurs if any of the given arguments is non-numeric. |
Best practices
- Always ensure that the settlement date is less than the maturity date to avoid the #NUM! error.
- Be cautious when entering the frequency. It should be either 1, 2, or 4 representing annual, semi-annual, and quarterly payments respectively.
- Always validate the values of the basis. It should be a number between 0 and 4.
- Use valid date formats for settlement and maturity dates to avoid errors.
Usage
A few examples using the COUPPCD function.
COUPPCD("2022-01-01", "2022-06-30", 2)
// Returns the last coupon payment date (as serial date 44561, equivalent to 2021-12-31)
Interactive Spreadsheet Demo
<html>
<script src="https://jspreadsheet.com/v11/jspreadsheet.js"></script>
<script src="https://jsuites.net/v5/jsuites.js"></script>
<link rel="stylesheet" href="https://jsuites.net/v5/jsuites.css" type="text/css" />
<link rel="stylesheet" href="https://jspreadsheet.com/v11/jspreadsheet.css" type="text/css" />
<link rel="stylesheet" href="https://fonts.googleapis.com/css?family=Material+Icons" />
<script src="https://cdn.jsdelivr.net/npm/@jspreadsheet/formula-pro/dist/index.min.js"></script>
<div id="spreadsheet"></div>
<script>
// Set your JSS license key (The following key only works for one day)
jspreadsheet.setLicense('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');
// Set the extensions
jspreadsheet.setExtensions({ formula });
// Create a new spreadsheet
jspreadsheet(document.getElementById('spreadsheet'), {
worksheets: [{
data: [
[
"Settlement Date",
"Maturity Date",
"Frequency",
"Previous Coupon Date"
],
[
"2023-03-15",
"2025-12-31",
2,
"=COUPPCD(A2,B2,C2)"
],
[
"2023-08-20",
"2026-06-30",
4,
"=COUPPCD(A3,B3,C3)"
],
[
"2023-11-10",
"2028-03-15",
1,
"=COUPPCD(A4,B4,C4)"
]
]
}]
});
</script>
</html>
import React, { useRef } from "react";
import { Spreadsheet, Worksheet, jspreadsheet } from "@jspreadsheet/react";
import formula from "@jspreadsheet/formula-pro";
import "jsuites/dist/jsuites.css";
import "jspreadsheet/dist/jspreadsheet.css";
// Set license
jspreadsheet.setLicense('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');
// Set the extensions
jspreadsheet.setExtensions({ formula });
export default function App() {
// Spreadsheet array of worksheets
const spreadsheet = useRef();
// Worksheet data
const data = [
[
"Settlement Date",
"Maturity Date",
"Frequency",
"Previous Coupon Date"
],
[
"2023-03-15",
"2025-12-31",
2,
"=COUPPCD(A2,B2,C2)"
],
[
"2023-08-20",
"2026-06-30",
4,
"=COUPPCD(A3,B3,C3)"
],
[
"2023-11-10",
"2028-03-15",
1,
"=COUPPCD(A4,B4,C4)"
]
];
// Render component
return (
<Spreadsheet ref={spreadsheet}>
<Worksheet data={data} />
</Spreadsheet>
);
}
<template>
<Spreadsheet ref="spreadsheet">
<Worksheet :data="data" />
</Spreadsheet>
</template>
<script>
import { Spreadsheet, Worksheet, jspreadsheet } from "@jspreadsheet/vue";
import "jsuites/dist/jsuites.css";
import "jspreadsheet/dist/jspreadsheet.css";
import formula from "@jspreadsheet/formula-pro";
// Set license
jspreadsheet.setLicense('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');
// Set the extensions
jspreadsheet.setExtensions({ formula });
export default {
components: {
Spreadsheet,
Worksheet,
},
data() {
// Worksheet data
const data = [
[
"Settlement Date",
"Maturity Date",
"Frequency",
"Previous Coupon Date"
],
[
"2023-03-15",
"2025-12-31",
2,
"=COUPPCD(A2,B2,C2)"
],
[
"2023-08-20",
"2026-06-30",
4,
"=COUPPCD(A3,B3,C3)"
],
[
"2023-11-10",
"2028-03-15",
1,
"=COUPPCD(A4,B4,C4)"
]
]
return {
data
};
}
}
</script>
import { Component, ViewChild, ElementRef } from "@angular/core";
import jspreadsheet from "jspreadsheet";
import * as formula from "@jspreadsheet/formula-pro";
// Set your JSS license key (The following key only works for one day)
jspreadsheet.setLicense('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');
// Set the extensions
jspreadsheet.setExtensions({ formula });
@Component({
standalone: true,
selector: "app-root",
template: `<div #spreadsheet></div>`
})
export class AppComponent {
@ViewChild("spreadsheet") spreadsheet: ElementRef;
// Worksheets
worksheets: jspreadsheet.worksheetInstance[];
// Create a new data grid
ngAfterViewInit() {
// Create spreadsheet
this.worksheets = jspreadsheet(this.spreadsheet.nativeElement, {
worksheets: [{
data: [
[
"Settlement Date",
"Maturity Date",
"Frequency",
"Previous Coupon Date"
],
[
"2023-03-15",
"2025-12-31",
2,
"=COUPPCD(A2,B2,C2)"
],
[
"2023-08-20",
"2026-06-30",
4,
"=COUPPCD(A3,B3,C3)"
],
[
"2023-11-10",
"2028-03-15",
1,
"=COUPPCD(A4,B4,C4)"
]
]
}]
});
}
}