Bank Discount Basis
Also referred to as "discount yield".
Differences in the day count convention used by the firm quoting a fixed-income security is subtle, but important. Over longer maturities, the day count convention will have a greater impact on the current 'price' of a bond than if the time to maturity is much shorter.
The 30/360 day-count convention is the standard when quoting government treasury bonds for banks.
Investment dictionary. Academic. 2012.
Look at other dictionaries:
Bank discount basis — A convention used for quoting bids and offers for treasury bills in terms of annualized yield , based on a 360 day year. The New York Times Financial Glossary … Financial and business terms
bank discount basis — A convention used for quoting bids and offers for Treasury bills in terms of annualized yield, based on a 360 day year. Bloomberg Financial Dictionary … Financial and business terms
bank discount basis — Fin the expression of yield that is used for treasury bills, based on a 360 day year … The ultimate business dictionary
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