ACT/360: Difference between revisions
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imported>Doug Williamson (Note 'days in an interest period' expressly.) |
imported>Doug Williamson (Remove surplus link.) |
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A day count convention which calculates actual days in | 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 == | ||
* [[ | * [[ACT/365]] | ||
* [[ACT/365 fixed]] | * [[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.
