Conventional year: Difference between revisions
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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. | 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 | |||
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* [[ACT/365 fixed]] | * [[ACT/365 fixed]] | ||
* [[ACT/365]] | * [[ACT/365]] | ||
* [[Convention]] | |||
* [[Day count conventions]] | * [[Day count conventions]] | ||
* [[Discount]] | * [[Discount]] | ||
* [[Interest]] | * [[Interest]] | ||
* [[Nominal annual rate]] | |||
* [[Periodic]] | * [[Periodic]] | ||
[[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
