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  • March 9, 2019 at 1:48 am #12344
    Anonymous
    Inactive

    Spencer,

    When modeling actual/365, do lenders use actual/actual (366 days in the leap year) in practice? If so, how do you modeling it dynamically?

    Thanks,

    Kyle

    March 9, 2019 at 9:22 am #12348
    Spencer Burton
    Keymaster

    Hi Kyle,

    This is a great question. In my experience Actual/365 and Actual/Actual are distinct. Actual/365 assumes a 365 year always, whereas Actual/Actual takes into account leap years.

    Spencer

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