FINANCE|financing and investment
- codán áirimh laethanta Reference Faomhadh an téarma seo mar chuid de Thionscadal Lex
- ga
- day count fraction
- en
- Definition method of determining the accrual period with a view to calculating accrued interest on a variety of financial products such as bonds, notes, forward rate agreements, interest rate swaps etc. Reference "COM-EN based on: http://whatispedia.com/what-is/day-count-fraction/ [13.6.2018] http://www.deltaquants.com/day-count-conventions [13.6.2018]"
- Comment The day count fraction is expressed as the number of days in the calculation period divided by the number of days in the year (as modified by the applicable business day convention). The day count fraction is then used to calculate payments due on a transaction.