Conventional year: Difference between revisions

From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson
(Classify page.)
imported>Doug Williamson
(Add link.)
 
Line 15: Line 15:
* [[ACT/365 fixed]]
* [[ACT/365 fixed]]
* [[ACT/365]]
* [[ACT/365]]
* [[Convention]]
* [[Day count conventions]]
* [[Day count conventions]]
* [[Discount]]
* [[Discount]]

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