ACT/360
From ACT Wiki
Jump to navigationJump to search
A day count convention which calculates actual days in a time period, over a 360-day conventional year.
The day count convention should always be checked and confirmed expressly if appropriate before transacting.
Major currencies which usually use an ACT/360 day count convention include:
- USD, EUR, JPY, CHF, DKK, NOK, SEK and CNY.
Particular care must be taken where the day count convention differs between domestic markets and non-domestic markets.
The following major currencies usually use an ACT/360 day count convention for non-domestic transactions:
- AUD, CAD, NZD.
