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Formula Overview / Functions in a Formula / Categories of Functions / Financial Functions / Day Count Basis
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    Day Count Basis
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    For many of the financial functions, the day count basis is used:

    Basis Number Day Count Basis
    0 (or omitted) United States of America (NASD) 30/360
    1 Actual/Actual
    2 Actual/360
    3 Actual/365
    4 European 30/360

    [NASD is the National Association of Securities Dealers.]

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