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Day count fraction: Difference between revisions
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{{g}}A {{tag|day count fraction}}, actually<ref>{{swidt}}</ref> is a [[deterministic]] means of calculating accrued [[interest]] for [[calculation period]]s shorter than a year. Different currencies and different interest rates have different conventions. The Numerator designates the number of days in the interest period in question; the denominator the number of days in the year. The {{tag|day count fraction}} can then be multiplied by the notional amount and the interest rate to get the dollar amount of interest due. | {{g}}A {{tag|day count fraction}}, actually<ref>{{swidt}}</ref> is a [[deterministic]] means of calculating accrued [[interest]] for [[calculation period]]s shorter than a year. Different currencies and different interest rates have different conventions. The Numerator designates the number of days in the interest period in question; the denominator the number of days in the year. The {{tag|day count fraction}} can then be multiplied by the notional amount and the interest rate to get the dollar amount of interest due. | ||
Not to be confused with a [[ | Not to be confused with a [[business day convention]], a travelling salespersons’ conference which usually takes place in Florida during the Hurricane Season.<br /> | ||
The main day count fractions are: | The main day count fractions are: | ||
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{{daycountfractions}} | {{daycountfractions}} | ||
{{Sa}} | |||
*[[business day convention]] | |||
{{isia}} {{c|Egg}} | {{isia}} {{c|Egg}} | ||
{{ref}} | {{ref}} | ||