financebanking

coupon Next Date

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www.codecogs.com/d-ox/finance/banking/couponnextdate.php
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Controller: test    Contact Controller

Interface

#include <codecogs/finance/banking/couponnextdate.h>

using namespace Finance::Banking;

int couponNextDate (int sett,                int mat,                Finance::Banking::YearlyFreq freq,                Finance::Banking::YearBasis basis=yb_USA)
Calculate the next coupon date for a security. Excel: COUPNCD

Function Documentation

 
intcouponNextDateintsett
intmat
Finance::Banking::YearlyFreqfreq
Finance::Banking::YearBasisbasis = yb_USA )
Calculate the next coupon date after the settlement date. This value may never be equal to the settlement date.

For a security, the settlement date is the date after issue when the security is traded to the buyer. The maturity date is the date at which the security expires.
Parameters:
settThe settlement date, expressed as a serial Julian date.
matThe maturity date of the settlement, expressed as a serial Julian date.
freqThe frequency with which payments are made: The yearly frequency to be used in financial calculations
TypeDescription
yf_Annual Payments are made annually.
yf_SemiAnnual Payments are semi-annual (2 per year).
yf_Quarterly Payments are quarterly (4 per year).
basisThe year basis to use for the calculation:
TypeValueDescription
yb_US0US (NASD) 30/360 - As with the European 30/360 (yb_EU, with the additional provision that if the end date occurs on the 31st of a month it is moved to the 1st of the next month if the start date is earlier than the 30th.
yb_Act1Uses the exact number of elapsed days between the two dates, as well as the exact length of the year.
yb_Act3602Uses the exact number of elapsed days between two dates but assumes the year only have 360 days
yb_Act3653Uses the exact number of elapsed days between two dates but assumes the year always has 365 days
yb_EU4European 30/360 - Each month is assumed to have 30 days, such that the year has only 360 days. Start and end dates that occur on the 31st of a month become equal to the 30th of the same month.
Returns:
The next coupon date of the security.
Authors:
James Warren (August 2005)
Source Code:
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Last Modified: 18 Oct 07 @ 17:07     Page Rendered: 2008-05-09 13:47:02

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