Spread Formula Reference
Day Count Basis

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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