![]() ![]() The 29th Feb of a leap year is assumed to be equivalent to a 30th Feb when the first day of the interest period is a 30th or a 31st. ![]() This means that a 31st is assumed to be a 30th and the 28th Feb of a non-leap year is assumed to be equivalent to a 29th Feb when the first day of the interest period is a 29th, or to a 30th Feb when the first day of the interest period is a 30th or a 31st. Accrued interest to a value date on the last day of a month shall be the same as to the 30th calendar day of the same month, except for the last day of February whose day of the month value shall be adapted to the value of the first day of the interest period if the latter is higher and if the period is one of a regular schedule. It is typically not used for trading purposes.ģ0E2/360 or Eurobond basis model 2: Method whereby interest is calculated based on a 30-day month and a 360-day year. The accounting statement provides valuations of a financial instrument portfolio with valuation details for each instrument this information can either be audited or un-audited. It may also report availability and/or the location of the financial instruments to facilitate trading and minimise settlement issues. The custody statement is used for position reconciliation purposes. This message may also be used to respond to a request for statement/status advice, that is, the MT 549 Request for Statement/Status Advice and to report that there are no holdings. The statement is used to reconcile the books of the account owner and the account servicer for the specified safekeeping account or sub-safekeeping account. This message is used to report, at a specified moment in time, the quantity and identification of financial instruments which the account servicer maintains for the account owner. The account servicer may be a local agent (sub-custodian) acting on behalf of their global custodian customer, or a custodian acting on behalf of an investment management institution or a broker/dealer. This message is sent by an account servicer (account servicing institution) to an account owner or its designated agent.
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