ACT/360: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (Layout.) |
imported>Doug Williamson (Classify page.) |
||
| Line 19: | Line 19: | ||
* [[ACT/365]] | * [[ACT/365]] | ||
* [[ACT/365 fixed]] | * [[ACT/365 fixed]] | ||
* [[Convention]] | |||
* [[Conventional year]] | * [[Conventional year]] | ||
* [[Day count conventions]] | * [[Day count conventions]] | ||
| Line 27: | Line 28: | ||
[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] | ||
[[Category:The_business_context]] | |||
[[Category:Financial_products_and_markets]] | |||
[[Category:Liquidity_management]] | |||
Revision as of 12:28, 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
