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Amwelladmin (talk | contribs) (Created page with "A business day convention for no-nonsense, getting straight to the point types. Thinks other business day conventions are neurotic. Correctly so. {{Business day conve...") |
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A [[business day convention]] for no-nonsense, getting straight to the point types. | {{g}}A [[business day convention]] for no-nonsense, getting straight to the point types. Your interest period finishes on the day it says it will, come hell, high water, weekend, bank holiday or day of religious rest. | ||
{{Business day | Thinks other [[business day convention]]s are neurotic. Correctly so. That said, usually seen mainly for [[Fixed rate|fixed-rate]] instruments, where nothing (such as a reset) really hangs on which day the interest period ends, and even then your interest ''payment'' date will roll forward to the following day, seeing as bankers don’t work on state-sanctioned days of rest. | ||
{{sa}} | |||
*[[Business day convention]] | |||