Interest calculation method


The interest calculation method is defined by the quotient DAYS/DAY BASIS and, as a factor of the percentage calculation, results in the percentage calculation for the specific period, the interest calculation variant.

The methods for calculating DAYS (number of days of corresponding calculation period) are:

    1. 'act'
    2. '360'
    3. '360E'

The following are defined as DAY BASIS:

1. 360

2. 365

3. 366

4. 'actP'

5. 'actY'

The combinations of DAYS / DAY BASIS used in practice and supported in Treasury Management are:
act/360, act/365, act/366, 360/360, 360E/360, act/actP, act/actY