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#day-counting #finance
There is no central authority defining day count conventions, so there is no standard terminology, however the International Swaps and Derivatives Association (ISDA) and the International Capital Market Association (ICMA) have done work gathering and documenting conventions.
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Day count convention - Wikipedia, the free encyclopedia
were developed to address often conflicting requirements, including ease of calculation, constancy of time period (day, month, or year) and the needs of the Accounting department. This development occurred long before the advent of computers. <span>There is no central authority defining day count conventions, so there is no standard terminology, however the International Swaps and Derivatives Association (ISDA) and the International Capital Market Association (ICMA) have done work gathering and documenting conventions. Certain terms, such as "30/360", "Actual/Actual", and "money market basis" must be understood in the context of the particular market. The conventions have


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