Actual/365 (Fixed) definition

Actual/365 (Fixed) means that interest or any other relevant accrual factor shall be calculated on the basis of the actual number of days elapsed in a year of 365 days, regardless of whether accrual or payment occurs during a calendar leap year.

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Actual/365 (Fixed) means the actual number of days in the Interest Period divided by 365.

Actual/365 (Fixed) has the meaning given to it in Condition 5.09 (Definitions);

Examples of Actual/365 (Fixed) in a sentence

• Day Count Convention: Actual/365 (Fixed) when calculating interest accruals during any partial interest period and 30/360 when calculating amounts due on any interest payment date.

• Day Count Fraction: Actual/365 (Fixed) when calculating interest accruals during any Interest Period, and 30/360 when calculating amounts due on any Interest Payment Date (also known as Actual/Actual (Canadian Compound Method)).

• Issue Price: CAD $100.00 Yield: 5.070% to April 29, 2027 Net Proceeds: CAD $997,500,000 (before expenses) Business Day: Toronto and New York Day Count Convention: To, but excluding, April 29, 2027 Actual/Actual (Canadian Compound Method), which means when calculating interest for a full semi-annual interest period, the day count convention is 30/360 and when calculating for a period that is shorter than a full semi-annual interest period, the day count convention is Actual/365 (Fixed).

• Fixed Rate Day Count Fraction Actual/365 (Fixed) Business Days London Floating Rate Payer Party A Floating Rate Payer Payment Dates Monthly on the 16th day of each month of each year commencing on 16 September 2022 up to and including the Termination Date, subject to adjustment in accordance with the Modified Following Business Day Convention.

More Definitions of Actual/365 (Fixed)

Actual/365 (Fixed) which means that interest is calculated on the basis of the actual number of days elapsed in a year of 365 days, regardless of whether accrual or payment occurs in a leap year;

Actual/365 (Fixed) means a calculation on the basis of the actual number of days elapsed in a year of 365 days, regardless of whether accrual or payment occurs during a calendar leap year.

Actual/365 (Fixed) is so specified, means the actual number of days in the Calculation Period divided by 365;

Actual/365 (Fixed) means that interest shall be calculated on the basis of the actual number of days elapsed in a time period over a year of 365 days, regardless of whether accrual or payment occurs during a calendar leap year.

Actual/365 (Fixed) means that we will compute interest based on the actual number of days elapsed in a year of 365 days, regardless of whether accrual or payment occurs during a calendar leap year.

Actual/365 (Fixed). ’ means that interest or any other relevant factor shall be calculated on the basis of the actual number of days elapsed in a year of 365 days, regardless of whether accrual or payment occurs during a leap year.

Actual/365 (Fixed) is so specified, means the actual number of days in such Calculation Period divided by 365;