ACT/365: Difference between revisions
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imported>Doug Williamson (Added link to conventional year) |
imported>Doug Williamson (Link with ACT/365 fixed page and differentiate from ACT/365 fixed.) |
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A day count convention which calculates actual days over a 365 | A day count convention which calculates actual days over the actual number of days in a year. | ||
In a normal year, this will be 365 days. | |||
In a leap year it is 366 days. | |||
Also known as ACT/ACT, because the denominator is the actual number of days in the year. | |||
== See also == | == See also == | ||
* [[CertFMM]] | * [[CertFMM]] | ||
* [[Denominator]] | |||
* [[Interest]] | * [[Interest]] | ||
* [[ACT/360]] | * [[ACT/360]] | ||
* [[ACT/365 fixed]] | |||
* [[Day count conventions]] | * [[Day count conventions]] | ||
* [[Conventional year]] | * [[Conventional year]] | ||
Revision as of 14:32, 26 November 2015
A day count convention which calculates actual days over the actual number of days in a year.
In a normal year, this will be 365 days.
In a leap year it is 366 days.
Also known as ACT/ACT, because the denominator is the actual number of days in the year.
