30/360 (ISDA) definition
30/360 (ISDA) means the number of days in the Interest Payment Period in respect of which payment is being made divided by 360, calculated on a formula basis as follows, as described in Section 4.16(f) of the 2006 ISDA Definitions published by the International Swaps and Derivatives Association, without regard to any subsequent amendments or supplements:
Examples of 30/360 (ISDA) in a sentence
Unless the applicable pricing supplement states otherwise, interest on the Securities will be computed on the 30/360 (ISDA) count convention basis as described on the reverse.
The Preferred Dividend will be calculated according to the 30/360 (ISDA) convention for any partial dividend period.