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Day count fraction: Difference between revisions
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*[[30/360]]: Keen observers will note this fraction simplifies down to 1/12 - that is, a round month's worth of interest. Used mainly for fixed rates, where it doesn't really matter in which period a given day's worth of interest is paid, since it will be calculated exactly the same way anyway. | *[[30/360]]: Keen observers will note this fraction simplifies down to 1/12 - that is, a round month's worth of interest. Used mainly for fixed rates, where it doesn't really matter in which period a given day's worth of interest is paid, since it will be calculated exactly the same way anyway. | ||
Not to be confused with a [[Business day convention]], a travelling salesman's conference which usually takes place in Florida during the Hurricane Season. | Not to be confused with a [[Business day convention]], a travelling salesman's conference which usually takes place in Florida during the Hurricane Season.<br /> | ||
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*</nowiki>see what I did there? | <nowiki>*</nowiki>see what I did there? | ||
{{isia}} | {{isia}} | ||