Daycount Fraction definition

Daycount Fraction means, on any given Business Day, the number of calendar days that have elapsed since the immediately preceding Business Day divided by 365.
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Daycount Fraction. Actual/360.
Sample 1

Examples of Daycount Fraction in a sentence

  • When the Reset Index is greater than the CAP Strike Rate the payment will equal: The Notional Amount multiplied by a) the excess of i) MIN (the Reset Index, Upper Strike) minus ii) the CAP Strike Rate and multiplied by b) the Daycount Fraction.

  • Cusip/Isin Beginning Balance $ Index Spread/Fixed Rate Record Date (Days Prior to Distribution) Accrual Period Begin Accrual Period End Daycount Fraction Interest Rate* Accrued Interest Factor Current Interest Due $ Interest Shortfall from Prior Period Plus Accrued Interest Total Interest Due $ Interest Paid $ Interest Shortfall Principal Paid $ Ending Principal Balance $ Paydown Factor Ending Balance Factor * Pay rates for Current Distribution.

  • Cusip/Isin Beginning Balance Index Spread/Fixed Rate Record Date (Days Prior to Distribution) Accrual Period Begin Accrual Period End Daycount Fraction Interest Rate* Accrued Interest Factor Current Interest Due Interest Shortfall from Prior Period Plus Accrued Interest Total Interest Due Interest Paid Interest Shortfall Principal Paid Ending Principal Balance Paydown Factor Ending Balance Factor * Pay rates for Current Distribution.

  • Cusip/Isin Beginning Balance $ 343,926,697.94 $ 35,000,000.00 Index Spread/Fixed Rate Record Date (Days Prior to Distribution) Accrual Period Begin Accrual Period End Daycount Fraction Interest Rate* Accrued Interest Factor Current Interest Due $ Interest Shortfall from Prior Period Plus Accrued Interest Total Interest Due $ Interest Paid $ Interest Shortfall Principal Paid $ Ending Principal Balance $ Paydown Factor Ending Balance Factor * Pay rates for Current Distribution.

  • Cusip/Isin Beginning Balance $ Index Spread/Fixed Rate Record Date (Days Prior to Distribution) Accrual Period Begin Accrual Period End Daycount Fraction Interest Rate* Accrued Interest Factor Current Interest Due $ Interest Shortfall from Prior Period Plus Accrued Interest $ Total Interest Due $ Interest Paid $ Interest Shortfall $ Principal Paid $ Ending Principal Balance $ Paydown Factor Ending Balance Factor * Pay rates for Current Distribution.

  • Distribution Amounts Cusip/Isin Beginning Balance Index Spread/Fixed Rate Record Date (Days Prior to Distribution) Accrual Period Begin Accrual Period End Daycount Fraction Interest Rate* Accrued Interest Factor Current Interest Due Interest Shortfall from Prior Period Plus Accrued Interest Total Interest Due Interest Paid Interest Shortfall Principal Paid Ending Principal Balance Paydown Factor Ending Balance Factor * Pay rates for Current Distribution.

Related to Daycount Fraction

  • Day Count Fraction means, in respect of the calculation of an amount of interest on any Note for any period of time (from and including the first day of such period to but excluding the last) (whether or not constituting an Interest Period or an Interest Accrual Period, the “Calculation Period”):

  • Floating Day Count Fraction means, in respect of the calculation of an amount of interest for any Interest Period:

  • Adjustment Fraction shall have the meaning set forth in Section 11(a)(i) hereof.

  • Applicable Fraction means Applicable Fraction as defined in Section 42(c)(1)(B) of the IRC.