Function SecurityCouponDaysPreSettlement(SettlementDate, MaturityDate, Frequency, Basis)

SecurityCouponDaysPreSettlement

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

SecurityCouponDaysPreSettlement(
    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 SecurityCouponDaysPreSettlement returns the number of days from the previous coupon-date until the settlement date, using the specified day-count basis.

Note

The function SecurityCouponDaysPreSettlement is similar to the Excel function COUPDAYBS.

See also

Day count basis methods. General equations for securities with multiple coupons.