 Option D |
7x |
(Day Count Fraction) |
Mandatory in mandatory subsequence B2
This field specifies the number of days taken into account for the calculation of the interest.
For an ISDA Master (Type in field 77H = ISDA), this field specifies the Day Count Fraction as per ISDA definitions.
One of the following codes must be used (Error code(s): T36):
| 30E/360 |
30E/360 (ISDA) |
| 360/360 |
30/360, 360/360 or Bond Basis |
| ACT/360 |
Actual/360, Act/360, A/360 |
| ACT/365 |
Actual/365, Actual/Actual, Actual/Actual (ISDA), Act/Act, Act/Act (ISDA) |
| AFI/365 |
Actual/365 (fixed) |
| EBD/360 |
30E/360 or Eurobond Basis |
| EXA/EXA |
Base Exact/Exact as per September 1994 additives to AFB definitions or 1/1 |
| ICM/ACT |
Actual/Actual (ICMA), Act/Act (ICMA) |
| OTHER |
The Day Count Fraction is specified in field 72. |
When the 2000 ISDA definitions are applicable, note that the following applies:
| Codes |
ISDA 2000 |
|---|---|
| 30E/360 |
30E/360, Eurobond Basis |
| 360/360 |
30/360, 360/360, Bond Basis |
| ACT/360 |
Actual/360, Act/360, A/360 |
| ACT/365 |
Actual/Actual, Act/365, A/365, Actual/Actual, Act/Act |
| AFI/365 |
Actual/365 (Fixed), Act/365 (Fixed), A/365 (Fixed), A/365F |
When the 2006 ISDA definitions are applicable, note that the following applies:
| Codes |
ISDA 2006 |
|---|---|
| 30E/360 |
30E/360 (ISDA) |
| 360/360 |
30/360, 360/360, Bond Basis |
| ACT/360 |
Actual/360, Act/360, A/360 |
| ACT/365 |
Actual/Actual, Actual/Actual (ISDA), Act/Act, Act/Act (ISDA) |
| AFI/365 |
Actual/365 (Fixed), Act/365 (Fixed), A/365 (Fixed), A/365F |
| EBD/360 |
30E/360, Eurobond Basis |
| ICM/Act |
Actual/Actual (ICMA), Act/Act (ICMA) |
