ACT/365: Difference between revisions

Revision as of 13:33, 1 January 2016

ACT/365 is a day count convention which calculates the actual days in a time period, over the actual number of days in a calendar year.

In a normal year, this will be 365 days.

In a leap year it is 366 days.

The ACT/365 convention is also known as ACT/ACT, because the denominator is the actual number of days in the year.

The ACT/365 - or ACT/ACT - convention is also sometimes known as ACT/365 actual, or ACT/365 A.

The ACT/365 convention, described above, should not be confused with ACT/365 fixed.

Under the ACT/365 fixed convention, the number of days in the conventional year is fixed at 365 in all years.

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-A day count convention which calculates the actual days in a time period, over the actual number of days in a calendar year.
+ACT/365 is a day count convention which calculates the actual days in a time period, over the actual number of days in a calendar year.
 In a normal year, this will be 365 days.
@@ Line 6: / Line 6: @@
-This convention is also known as ACT/ACT, because the denominator is the actual number of days in the year.
+===ACT/ACT===
-The ACT/ACT convention is also sometimes known as ACT/365 actual, or ACT/365 A.
+The ACT/365 convention is also known as ACT/ACT, because the denominator is the actual number of days in the year.
-Not to be confused with [[ACT/365 fixed]].
+The ACT/365 - or ACT/ACT - convention is also sometimes known as ACT/365 actual, or ACT/365 A.
+===ACT/365 fixed===
+The ACT/365 convention, described above, should not be confused with [[ACT/365 fixed]].
+Under the ACT/365 ''fixed'' convention, the number of days in the conventional year is fixed at 365 in all years.