Function SecurityCouponDaysPostSettlement(SettlementDate, MaturityDate, Frequency, Basis)

SecurityCouponDaysPostSettlement

The function SecurityCouponDaysPostSettlement returns the number of days from the first coupon-date next to settlement date until settlement date of a security that pays interest at the end of each coupon period.

SecurityCouponDaysPostSettlement(
    SettlementDate,           ! (input) scalar string expression
    MaturityDate,             ! (input) scalar string expression
    Frequency,                ! (input) numerical expression
    [Basis]                   ! (optional) numerical expression
    )

Arguments

SettlementDate

The date of settlement of the security. SettlementDate must be in date format.

MaturityDate

The date of maturity of the security. MaturityDate must also be in date format and must be a date after SettlementDate.

Frequency

The number of coupon payments in one year. Frequency must be 1 (annual), 2 (semi-annual) or 4 (quarterly).

Basis

The day-count basis method to be used. The default is 1.

Return Value

The function SecurityCouponDaysPostSettlement returns the number of days from the first coupon-date next to settlement date until settlement date.

Note

The function SecurityCouponDaysPostSettlement is similar to the Excel function COUPDAYSNC.

Example

The number of days from the settlement date up to the next coupon date:

_p_scdps := SecurityCouponDaysPostSettlement(
    SettlementDate :  "2025-02-01",
    MaturityDate   :  "2030-01-01",
    Frequency      :  4,
    Basis          :  1);
block where single_column_display := 1, listing_number_precision := 6 ;
    display _p_scdps ;
endblock ;

Day basis 1, just two months, so that is 60 days:

_p_scdps := 60 ;

See also

• Day count basis methods.

• General equations for securities with multiple coupons.