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What does E30/360 mean?

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E30/360
Noun

The day-count convention that counts every month as 30 days, but not extended to 30 days if the last day of the period is the last day in February, and each year as 360 days, used for Swiss bonds and Eurobonds issued before 2000.

Synonym(s): 
  • Eurobond basis.
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