ACT/360: Difference between revisions
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====Other links==== | |||
[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 09:17, 28 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.
See also
