ACT/360: Difference between revisions

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imported>Doug Williamson
(Added link to day count conventions)
imported>Doug Williamson
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A day count convention which calculates actual days over a 360-day conventional year.
A day count convention which calculates actual days in a time period, over a 360-day conventional year.
 
The day count convention should always be checked and confirmed expressly if appropriate before transacting.
 
 
Major currencies which usually use an ACT/360 day count convention include:
 
:USD, EUR, JPY, CHF, DKK, NOK, SEK and CNY.
 
 
Particular care must be taken where the day count convention differs between domestic markets and non-domestic markets.
 
The following major currencies usually use an ACT/360 day count convention for non-domestic transactions:
 
:AUD, CAD, NZD.




== See also ==
== See also ==
* [[CertFMM]]
* [[Interest]]
* [[ACT/365]]
* [[ACT/365]]
* [[ACT/365 fixed]]
* [[Convention]]
* [[Conventional year]]
* [[Day count conventions]]
* [[Day count conventions]]
* [[Interest]]
[[Category:The_business_context]]
[[Category:Financial_products_and_markets]]
[[Category:Liquidity_management]]

Latest revision as of 13:16, 16 December 2021

A day count convention which calculates actual days in a time period, over a 360-day conventional year.

The day count convention should always be checked and confirmed expressly if appropriate before transacting.


Major currencies which usually use an ACT/360 day count convention include:

USD, EUR, JPY, CHF, DKK, NOK, SEK and CNY.


Particular care must be taken where the day count convention differs between domestic markets and non-domestic markets.

The following major currencies usually use an ACT/360 day count convention for non-domestic transactions:

AUD, CAD, NZD.


See also