Glossary
30/360 ISDA (30/360) (Bond Basis, 30-360 U.S. Municipal)
Category —
Day Count Conventions
Start date: M1/D1/Y1
End date: M2/D2/Y2
Day count = (Y2-Y1)·360 + (M2-M1)·30 + (D2-D1)
Convention:
• if D1=31 then D1=30
• if D2=31 and D1=30 or 31 then D2=30
Example - Cassa di Risparmio di Fossano, 1.10% 6may2022, EUR.
All methods for calculating the number of days between dates can be found at Bond Calculator Guide.
End date: M2/D2/Y2
Day count = (Y2-Y1)·360 + (M2-M1)·30 + (D2-D1)
Convention:
• if D1=31 then D1=30
• if D2=31 and D1=30 or 31 then D2=30
Example - Cassa di Risparmio di Fossano, 1.10% 6may2022, EUR.
All methods for calculating the number of days between dates can be found at Bond Calculator Guide.
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