1. Calculation functions
  2. All functions
  3. Financial functions
  4. COUPNCD

The COUPNCD function calculates the next coupon date after a settlement date.

For example, you can use the COUPNCD function to identify the next coupon date after you purchase a bond.

Syntax

COUPNCD(Settlement, Maturity, Frequency)

Arguments

ArgumentData typeDescription
Settlement (required)DateThe bond settlement date, when the bond is traded to the buyer.
Maturity (required)DateThe bond maturity date, when the bond expires.
Frequency (required)Number

The number of coupon payments per year. 

Enter:

  • 1 for annual
  • 2 for semi-annual
  • 4 for quarterly

If you use any value other than 1, 2, or 4, the function returns a blank result.

The COUPNCD function returns a date.

Constraints

  • The settlement and maturity dates must be between 01/01/1900 and 12/31/2399.
  • The maturity date must be later than the settlement date.

Calculation engine functionality differences

Most financial functions are unavailable in Polaris, but you can use FV, IPMT, NPER, PPMT, and PV. Learn more about the differences between Anaplan calculation engines.

Excel equivalent

COUPNCD

Related Anaplan functions

Examples

In this example, two formulas calculate the next coupon date. The first formula uses 1 for the Frequency argument, so the coupon is paid annually. The second formula uses 4 for the Frequency argument, so the coupon is paid quarterly.

FormulaDescriptionResult
COUPNCD(DATE(2021, 1, 15), DATE(2024, 1, 15), 1)

This example calculates the next coupon date for a bond with a frequency of 1 (annual).

The settlement date is 01/15/2021 and the maturity date is 01/15/2024.

01/15/2022
COUPNCD(DATE(2021, 1, 15), DATE(2024, 1, 15), 4)

In this example, the next coupon date is calculated for a bond with a frequency of 4 (quarterly).

The example uses a settlement date of 01/15/2021 and a maturity date of 01/15/2024.

04/15/2021

Disclaimer

We may update our documentation occasionally, but will only do so in a way that does not negatively affect the features and functionality of the Anaplan service.