Home > Term: Interest days
Interest days
The number of days per month and year taken for interest calculations. German practise (also followed in Switzerland): 1 month = 30 days, 1 year = 360 days. UK practise (followed on the Euromarket): the exact number of days in a calendar month is taken; 1 year = 365 days.
- Part of Speech: noun
- Industry/Domain: Banking
- Category: Investment banking
- Company: UBS
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- Harry8L
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(London, United Kingdom)