30/360 Day Count Fraction definition
30/360 Day Count Fraction means, with respect to each Coupon Payment, the number of days in the Coupon Period in respect of which such Coupon Payment is being made, determined on the basis of a 360-day year consisting of twelve 30-day months, divided by 360;
30/360 Day Count Fraction means the number of days in the Interest Period divided by 360, the number of days to be calculated on the basis of a year of 360 days with 12 30-day months.
30/360 Day Count Fraction means the number of days in the period from (and including) the most recent Interest Payment Date (or, if none, the Interest Commencement Date) to (but excluding) the relevant payment date (such number of days being calculated on the basis of a year of 360 days with twelve 30-day months) divided by 360; "Actual/365 Day Count Fraction" means the actual number of days in the Interest Period divided by 365 or, in the case of an Interest Payment Date falling in a leap year, 366; and "Interest Period" means the period beginning on (and including) the Interest Commencement Date and ending on (but excluding) the first Interest Payment Date and each successive period beginning on (and including) an Interest Payment Date and ending on (but excluding)the next succeeding Interest Payment Date.
Examples of 30/360 Day Count Fraction in a sentence
Fixed Rate 30/360 Day Count Fraction: Fixed Rate The 15th calendar day of each month in each year prior to, Payer Period and including, the Termination Date, commencing on July 15, End Dates: 2001, with No Adjustment.
More Definitions of 30/360 Day Count Fraction
30/360 Day Count Fraction means the number of days in the Interest Period divided by 360 (the number of days to be calculated on the basis of a year of 360 days with twelve 30-day months, without regard to the date of the first day or the last day of the Interest Period unless, in the case of the final Interest Period, the Maturity Date is the last day of the month in February, in which case the month of February shall not be considered to be lengthened to a 30-day month; "Actual/365 Day Count Fraction" means the actual number of days in the Interest Period divided by 365 or, in the case of an Interest Payment Date falling in a leap year, 366; and "Interest Period" means the period beginning on (and including) the Interest Commencement Date and ending on (but excluding) the first Interest Payment Date and each successive period beginning on (and including) an Interest Payment Date and ending on (but excluding)the next succeeding Interest Payment Date.
30/360 Day Count Fraction means the number of days in the Interest Period divided by 360 (the number of days to be calculated on the basis of a year of 360 days with twelve 30-day months, without regard to the date of the first day or the last dayof the Interest Period unless, in the case of the final