Count of days in a year used to calculate the amortization.
Convention
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Description
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Actual/Actual
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- Actual count of days in the period
- Assuming there are 365 days in a year and 366 days in a leap year
- Exists in different conventions:
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Actual/360
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- Actual count of days in the period
- Assuming there are 360 days in a year
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Actual/365 Fixed
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- Actual count of days in the period
- Assuming there are 365 days in a year
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Actual/365L
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- Actual count of days in the period
- Assuming there are 365 days in a year and 366 days in a leap year
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Actual/366
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- Actual count of days in the period
- Assuming there are 366 days in a year
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BUS/252
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- Usually used in Brazilian contracts and indexes
- Actual count of business days in the period
- Assuming there are 252 business days in the year
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30/360
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- Assuming there are 30 days in a month
- Assuming there are 360 days in a year
- Exists in different conventions:
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30/360 ISDA
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- Assuming there are 30 days in a month
- Assuming there are 360 days in a year and 366 days in a leap year
|
365/360
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- Assuming there are 365 days in the period
- Assuming there are 360 days in a year
|