Talk:Overnight rate
Latest comment: 13 years ago by 24.80.229.167 in topic Yearly or nightly?
 | This article is rated Start-class on Wikipedia's content assessment scale. It is of interest to the following WikiProjects: | ||||||||||||||||||||
| |||||||||||||||||||||
counting & quote
editFrom friday to monday, how many days? count as 1 day or 3 days? Quote is usually on yearly basis, then the year is 360 days or 365 days or 366 days, or just 300 days? I think that the article should clarify these. Jackzhp (talk) 18:14, 5 May 2008 (UTC)
- From here:
- bbalibor is not a compounded rate but is calculated on the basis of actual days in funding period/360*. Therefore, the formula is as follows:
- Interest Due = Principle Sum * (bbalibor Rate / 100) * (Number of days in interest period / 360)
- *Please note that for GBP the calculation basis is 365 days.
- It is also important to work out the exact/actual number of days in the funding period, which is not always 90 days for a 3-month deposit but could e.g. be 89 or 91 days.
- If you have a funding period of, for example, 45 days you could extrapolate between the one and the two month rate to arrive at the correct bbalibor rate.
- MMMMM742 (talk) 18:23, 16 November 2009 (UTC)
Yearly or nightly?
editIs the overnight rate the interest charged for one "night" or is it a yearly interest rate? E.g. at a 2% rate, would borrowing $1,000 cost $1,020 to repay the next day or ~ $1,000.05 ? —Preceding unsigned comment added by 24.80.229.167 (talk) 06:26, 16 March 2011 (UTC)