ACT/360

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

• ACT/365
• ACT/365 fixed
• Convention
• Conventional year
• Day count conventions
• Interest