30 365

Subtype of Name

30/365 day count convention
Let [T₁,T₂) be the period between two dates T₁ and T₂, of which the length L in annual units must be calculated
Calculation rule:
Let the starting date represented in day-month-year format as d1-m1-y1
Similarly, the ending date as d2-m2-y3
Then define the effective number of days N with the formula:
N = 360*(y2-y1) + 30*(m2-m1) + (d2-d1)
Then
L = N/365