ACT/360

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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