ACT/360: Difference between revisions
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imported>Doug Williamson (Layout.) |
imported>Doug Williamson (Link with ACT/365 page.) |
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== See also == | == See also == | ||
* [[ | * [[ACT/365]] | ||
* [[ACT/365 fixed]] | * [[ACT/365 fixed]] | ||
* [[Conventional year]] | |||
* [[Day count conventions]] | * [[Day count conventions]] | ||
* [[ | * [[Interest]] | ||
[http://www.bankofengland.co.uk/markets/Documents/money/code/ukmoneymarketscode.pdf The UK Money Markets Code] | [http://www.bankofengland.co.uk/markets/Documents/money/code/ukmoneymarketscode.pdf The UK Money Markets Code] | ||
Revision as of 14:44, 25 June 2017
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.
