Conventional year: Difference between revisions

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The number of days per year, used to calculate interest or discount.
The number of days per year, used to calculate interest or discount for a given period, based on a nominal annual rate.  
 
The number of days in a conventional year may differ from the number of days in the calendar year, depending on the currency and market.
 
 
Examples of different numbers of days per conventional year include:
* 360, for example in the [[ACT/360]] convention
* 365, for example in the [[ACT/365 fixed]] convention
* 366 or 365, for example in the [[ACT/365]] convention, also known as the ACT/ACT or ACT/365 actual convention
 




== See also ==
== See also ==
* [[ACT/360]]
* [[ACT/360]]
* [[ACT/365 fixed]]
* [[ACT/365]]
* [[ACT/365]]
* [[Convention]]
* [[Day count conventions]]
* [[Discount]]
* [[Discount]]
* [[Interest]]
* [[Interest]]
* [[Nominal annual rate]]
* [[Periodic]]
* [[Periodic]]
* [[Nominal annual rate]]
 
[[Category:Cash_management]]
[[Category:Financial_products_and_markets]]
[[Category:Liquidity_management]]

Latest revision as of 02:47, 25 December 2021

The number of days per year, used to calculate interest or discount for a given period, based on a nominal annual rate.

The number of days in a conventional year may differ from the number of days in the calendar year, depending on the currency and market.


Examples of different numbers of days per conventional year include:

  • 360, for example in the ACT/360 convention
  • 365, for example in the ACT/365 fixed convention
  • 366 or 365, for example in the ACT/365 convention, also known as the ACT/ACT or ACT/365 actual convention


See also