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| {{g}}A popular means of calculating [[interest|interest periods]] and determining interest payment dates. Nearly as popular as the [[following business day convention]]. If the end of your interest period would end on a non-business day, you roll forward to the next following one, unless that would fall in the following month, in which case you roll back to the immediately ''preceding'' [[business day]]. Popular with the tax- and accounting-obsessed, who care about what period you book a profit or revenue stream in.
| | #redirect[[Modified Following - ISDA Definition]] |
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| *[[Business day convention]]
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