365-day calendar
A 365-day calendar consists of exactly 365 days per year (no leap days), and is primarily used in computer models[1] and as an assumption in every-day calculations. For example, a calculation of a daily rate may use an annual total divided by exactly 365.
Interest rates in some banks are calculated using a 365-day calendar.[2]
Other 365-day calendars
See also
References
- ^ Such as in the NetCDF CF conventions – http://cf-pcmdi.llnl.gov/documents/cf-conventions/1.5/ch04s04.html#calendar
- ^ "Determining Bond and Treasury Bill Prices and Yields". Government of Canada Securities, Department of Finance. http://www.fin.gc.ca/invest/bondprice-e.html.