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		<title>COUPNCD Function</title>
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			<h1>COUPNCD Function</h1>
			<p>The <b>COUPNCD</b> function is one of the financial functions. It is used to calculate the next coupon date after the settlement date.</p>
			<p>The <b>COUPNCD</b> function syntax is:</p> 
			<p style="text-indent: 150px;"><b><em>COUPNCD(settlement, maturity, frequency[, [basis]])</em></b></p> 
			<p><em>where</em></p> 
            <p style="text-indent: 50px;"><b><em>settlement</em></b> is the date when the security is purchased.</p>
            <p style="text-indent: 50px;"><b><em>maturity</em></b> is the date when the security expires.</p>
            <p style="text-indent: 50px;"><b><em>frequency</em></b> is the number of interest payments per year. The possible values are: 1 for annual payments, 2 for semiannual payments, 4 for quarterly payments.</p>
            <p style="text-indent: 50px;"><b><em>basis</em></b> is the day count basis to use, a numeric value greater than or equal to 0, but less than or equal to 4. It is an optional argument. It can be one of the following:</p>
            <table style="width: 40%">
                <tr>
                    <td><b>Numeric value</b></td>
                    <td><b>Count basis</b></td>
                </tr>
                <tr>
                    <td>0</td>
                    <td>US (NASD) 30/360</td>
                </tr>
                <tr>
                    <td>1</td>
                    <td>Actual/actual</td>
                </tr>
                <tr>
                    <td>2</td>
                    <td>Actual/360</td>
                </tr>
                <tr>
                    <td>3</td>
                    <td>Actual/365</td>
                </tr>
                <tr>
                    <td>4</td>
                    <td>European 30/360</td>
                </tr>
            </table>
            <p class="note"><b>Note:</b> dates must be entered by using the DATE function.</p>
			<p>The values can be entered manually or included into the cell you make reference to.</p>
			<p>To apply the <b>COUPNCD</b> function,</p>
			<ol>
			<li>select the cell where you wish to display the result,</li>
			<li>click the <b>Insert function</b> <img alt="Insert function icon" src="../images/insertfunction.png" /> icon situated at the top toolbar,
				<br />or right-click within a selected cell and select the <b>Insert Function</b> option from the menu,
				<br />or click the <img alt="Function icon" src="../images/function.png" /> icon situated at the formula bar,
			</li>
			<li>select the <b>Financial</b> function group from the list,</li>
			<li>click the <b>COUPNCD</b> function,</li>
			<li>enter the required arguments separating them by commas,</li>
			<li>press the <b>Enter</b> button.</li>
			</ol>
			<p>The result will be displayed in the selected cell.</p>
			<p style="text-indent: 150px;"><img alt="COUPNCD Function" src="../images/coupncd.png" /></p>
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