Actual/360 definition

Actual/360 means that interest is calculated on the basis of the actual number of days elapsed in a year of 360 days.

Actual/360 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 360 days. “Actual/365 (fixed)” shall mean 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.

Actual/360 means the actual number of days in the relevant period divided by 360;

Examples of Actual/360 in a sentence

• Day Count Convention: Actual/360 Business Day Convention: Modified Following Business Day Listing: Yes; Nordic ABM Special Conditions: NA.

• Fixed Rate: 8.17 % Fixed Rate Day Count Fraction: Actual/360 Floating Amounts: Floating Rate Payer: DBAG Floating Rate Payer Payment Dates: each day that is a Fixed Rate Payer Payment Date.

• Interest shall be calculated on the basis of a year of Actual/360.

• Contractual line of credit Interest rate (for loans in euros) 3-month Euribor+2.00% Interest rate calculation method Actual/360 days Administrative fees No charge (**)The limit takes account of the overall commitments recorded in the client’s accounts and those of any legal entity held as to more than 25%, either directly or indirectly, by the client.

• Contractual loan Interest rate (*) 12-month Euribor +0.80% Interest rate calculation method Actual/360 Administrative fees No charge (**)The limit takes account of the overall commitments recorded in the client’s accounts and those of any legal entity held as to more than 25%, either directly or indirectly, by the client.

More Definitions of Actual/360

Actual/360 is so specified, means the actual number of days in the Accrual Period divided by 360;

Actual/360 means a calculation on the basis of the actual number of days elapsed in a year of 360 days.

Actual/360 which means that interest or any other relevant factor is calculated on the basis of the actual number of days elapsed in a year of 360 days;

Actual/360 is specified in the applicable Final Terms, the actual number of days in the Interest Period divided by 360;

Actual/360 has the meaning given to it in Condition 5.09 (Definitions); “Actual/365 (Fixed)” has the meaning given to it in Condition 5.09 (Definitions); “Actual/365 (Sterling)” has the meaning given to it in Condition 5.09 (Definitions);

Actual/360. , which means that the coupon interest payment is calculated as

Actual/360 means the actual number of days in the Interest Reset Period divided by 360;