A day count convention determines how interest is calculated over a period of time for fixed income instruments.
The most widely used day count conventions are –
30/360
Actual / Actual
Actual / 365
Actual / 360
Actual / 364
You may also like
The minimum number of shares one can bid for in an IPO. Applications will have to be in multiples of the lot […]
A stock is a general term used to denote ownership in the form of certificates of a company.
The entity appointed by an Issuer to carry on the activities of collecting applications from investors in respect of an issue; keeping […]
Allotment on a firm basis in public issues by an issuing company to financial institutions, mutual funds, overseas corporate bodies, foreign portfolio […]