Interest calculation method

Definition

The indicator determines which daily quotients are used to determine interest and interest-related amounts.

The daily quotient consists of the number of days in the calculation period (dividend) and the number of days per annum (divisor).

The calculation of the dividend days is subject to the day calculation method (month with 30 interest days or number of calendar days) and the calculation of the divisor days is subject to the day-base method (constantly 360 or 365 days or just number of calendar days of a year).

Examples: 360 / 360, actual / 360, actual / actual