Day Count definition

Day Count means a fraction the numerator of which is the number of days in the period from and including the Scheduled Maturity Date to but excluding the Additional Exchange Date or the Credit Suisse Cash Settlement Date, as applicable, and the denominator of which is 360 (the number of days to be calculated on the basis of a year of 360 days with twelve thirty day months).

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Day Count means, in respect of an Interest Rate Period, the number of days in such Interest Rate Period divided by 360.

Day Count means the method used to calculate the yield on the transaction, and if not otherwise stated will be actual/365. The parties agree and acknowledge that the Transaction is not a bank deposit. The moneys received by the Dealer from the Client are paid for the purpose of a repurchase agreement. We understand and agree that the value of the underlying assets which are the subject of the retail repurchase agreement is notional and based on market forces and the pricing mechanisms described and approved or recognized by the Regulator. The value in relation to Securities means as of any date, the price for such Securities on such date obtained using the mechanism prescribed/approved by the Regulator or the method of valuation which has been recognized by the Regulator, from time to time. Details of the Transaction are set forth below: Dealer as Principal: Dealer’s Address: Client’s Name (in Full): Client TRN: Purchase Date/Transaction Date: Currency: Purchase Price: Repurchase Date: Repurchase Price (gross): Repurchase Price (net of withholding tax): Currency Denomination (in which Repurchase Price shall be paid): Coupon Rate: Interest Rate: Margin Percentage: Day Count of Calculation of Yield Rate:

Examples of Day Count in a sentence

In respect of any other period for which interest is required to be calculated, the provisions above shall apply save that the Day Count Fraction shall be for the period for which interest is required to be calculated.
Unless otherwise specified as the Day Count Convention on the face hereof, the interest factor for each such date shall be computed by dividing the interest rate applicable to such day by 360 if the CD Rate, the Commercial Paper Rate, the Eleventh District Cost of Funds Rate, the Federal Funds Rate, LIBOR or the Prime Rate is an applicable Interest Rate Basis or by the actual number of days in the year if the CMT Rate or the Treasury Rate is an applicable Interest Rate Basis.
Where such calculation is to be made for a period which is not a whole number of years, it shall be made on the basis of a 360-day year consisting of 12 months of 30 days each or such other Day Count Fraction as may be specified in the relevant Final Terms.
The amount of interest payable in respect of any Covered Bond for any period shall be calculated by applying the Rate of Interest to the Calculation Amount, and, in each case, multiplying such sum by the Day Count Fraction, save that if the Final Terms specifies a specific amount in respect of such period, the amount of interest payable in respect of such Covered Bond for such Interest Period will be equal to such specified amount.
Each Interest Amount shall be calculated by applying the Rate of Interest to each Specified Denomination, multiplying such sum by the applicable Day Count Fraction, and rounding the resultant figure to the nearest sub-unit of the relevant Specified Currency, half of any such sub-unit being rounded upwards or otherwise in accordance with applicable market convention.
Unless otherwise specified as the Day Count Convention on the face hereof, the interest factor for this Note, if the interest rate is calculated with reference to two or more Interest Rate Bases, shall be calculated in each period in the same manner as if only the Applicable Interest Rate Basis specified on the face hereof applied.
Floating Rate Option: USD-LIBOR-BBA Designated Maturity: One month Floating Rate Day Count Fraction: Actual/360 Reset Dates: The first day of each Calculation Period.
Where such calculation is to be made for a period of less than one year, it shall be made on the basis of the Day Count Fraction shown hereon.
In particular, the applicable Final Terms will specify the Interest Commencement Date, the Rate(s) of Interest, the Interest Payment Date(s), the Maturity Date, the Fixed Coupon Amount, any applicable Broken Amount, the Calculation Amount, the Day Count Fraction and any applicable Determination Date.
Designated Maturity: One month Floating Rate Day Count Fraction: Actual/360 Reset Dates: The first day of each Calculation Period.

More Definitions of Day Count

Day Count means the day count convention applicable to the floating rate index specified for the relevant Transaction.

Day Count means the common convention that defines the way We calculate accrued interest. These are actual/365 days per year for Sterling and actual/360 days per year for US dollars and Euro.

Day Count is the number of days in the period commencing on and including April 15, 2001 to but excluding the Termination Date.

Day Count means, for all Approved Financings, for any Monthly Period, a fraction (i) the numerator of which is the actual number of days in such Monthly Period and (ii) the denominator of which is 360.

Day Count. The number set forth after such term in the current Schedule A (or supplement thereto), which equals the number of the actual days from and including the Effective Date through and excluding the Reset Date (or, if earlier, the Termination Date) and thereafter from and including such Reset Date to and excluding the succeeding Reset Date (or, if earlier, the Termination Date). Default Rate: [Confidential] Delinquent Receivables: Purchased Receivables with respect to which such Purchased Receivables shall be more than 15 days past due.

Day Count actual days divided by 360 for the specified quarter. This Surplus Note is executed this 9th day of November, 2006, by and between Universal Property & Casualty Insurance Company, (NAIC # 10861), an Insurer authorized to write residential property and casualty insurance in Florida ("Insurer"), and The State Board of Administration of Florida ("Board"), the parties. It is deemed to be in the best interest of the Insurer to increase its Surplus as to policyholders for the purpose of increasing the number of new residential policies covering the risk of hurricanes the Insurer writes in Florida. The Insurer's application for this Surplus Note was received by the Board on June 15, 2006, and the Insurer has, on or before the date of this Surplus Note contributed $25 million in New Capital, as defined below, to its Surplus. For and in consideration of the mutual agreements as set forth, the Insurer hereby makes a contribution to Surplus in New Capital of $25 million and covenants to meet the Minimum Writing Ratio of Net Written Premium to Surplus of at least 2:1 for the term of this Surplus Note.

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