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Next Coupon Date Function
Math Financial Class

Public Function NextCouponDate( _
      ByVal vSettlement As Variant _
    , ByVal vMaturity As Variant _
    , ByVal vFrequency As Variant _
    , Optional ByVal vBasis As Variant _
    ) As Variant

Calculates the next coupon date after the settlement date.

    NextCouponDate(#1/15/96#, #12/31/99#, 1, US_NASD_30_360) = #12/31/96#
    NextCouponDate(#1/15/96#, #12/31/99#, 2, US_NASD_30_360) = #6/30/96#
    NextCouponDate(#1/15/96#, #12/31/99#, 4, US_NASD_30_360) = #3/31/96#
See also:
    PreviousCouponDate Function
    CouponDaysAfterSettlement Function
    MextCouponDateTest Subroutine
    NextCouponDateBasisTest Subroutine
    COUPNCD Function (Microsoft Excel)
vSettlement: Settlement date for the security. The date after the issue date when the security is traded to the buyer. Function returns Null if vSettlement is Null, cannot be interpreted as a Date, or is greater than the maturity date vMaturity. The time component of vSettlement (if any) is ignored.
vMaturity: Maturity date for the security. The date on which the security expires. Function returns Null if vSettlement is Null or cannot be interpreted as a Date. The time component of vMaturity (if any) is ignored.
vFrequency: Number of coupon payments per year. Use 1 for annual payments, 2 for semiannual payments, or 4 for quarterly payments. vFrequency is rounded to the nearest integer. Function returns Null if vFrequency is not 1, 2, nor 4.
vBasis: Optional day count basis that determines how to count the difference in days and years. One of the following day count basis constants: US_NASD_30_360, Actual_Actual, Actual_360, Actual_365, or European_30_360. vBasis defaults to US_NASD_30_360 if it is missing or Null or cannot be interpreted as a number. Function returns Null if vBasis is not one of the recognized Day Count Basis constants.
Note: This function returns the exact same results as the Microsoft Excel COUPNCD function.
v2.0 Addition: This function is new to this version of Entisoft Tools.

Copyright 1996-1999 Entisoft
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