×
For more information, get in touch with our team:
+44 7918 53 08 73
Hint mode is switched on Switch off
Glossary

Actual/Actual (ISDA) (Act/Act, Actual/Actual, Act/ISDA)

Category — Day Count Conventions
This convention accounts for days in the period based on the portion in a leap year and the portion in a non-leap year.
Day count fraction = Days in leap year / 366 + Days not in leap year / 365.

Example - DZ BANK, 0.32% 15dec2020, EUR.

All methods for calculating the number of days between dates can be found at Bond Calculator Guide.
Terms from the same category