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The need for day count conventions is a direct consequence of interest-earning investments. Different conventions were developed to address often conflicting requirements, including ease of calculation, constancy of time period (day, month, or year) and the needs of the accounting department.
If the spot date falls on the last business day of the month in the currency pair then the delivery date is defined by convention to be the last business day of the target month e.g. assuming all days are business days: if spot is at 30 April, a one-month time to expiry will make the delivery date 31 May. This is described as trading "end-end".
In finance, date rolling occurs when a payment day or date used to calculate accrued interest falls on a holiday, according to a given business calendar. In this case, the date is moved forward or backward in time such that it falls in a business day, according to the same business calendar. The choice of the date rolling rule is conventional.
The Democratic National Convention is four days long. Each day begins with delegation breakfasts at 7 a.m. and finishes its main programming at 10:15 p.m. Central time.
Here’s what to watch for on the first day of the convention in Chicago. Biden. Biden’s speech is the big event of the evening, ...
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Four days before the Democratic National Convention opens in Chicago, the party's proposed platform names the wrong candidate for president. The Democratic platform — essentially a document ...
The Doomsday rule, ... and count of the number of days ... and also 5/9 and 11/7, are all doomsdays (this is true for both the Day/Month and Month/Day conventions). ...