Talk:Overnight rate

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counting & quote

From friday to monday, how many days? count as 1 day or 3 days? Quote is usually on yearly basis, then the year is 360 days or 365 days or 366 days, or just 300 days? I think that the article should clarify these. Jackzhp (talk) 18:14, 5 May 2008 (UTC)[reply]

From here:

bbalibor is not a compounded rate but is calculated on the basis of actual days in funding period/360*. Therefore, the formula is as follows:

Interest Due = Principle Sum * (bbalibor Rate / 100) * (Number of days in interest period / 360)

*Please note that for GBP the calculation basis is 365 days.

It is also important to work out the exact/actual number of days in the funding period, which is not always 90 days for a 3-month deposit but could e.g. be 89 or 91 days.

If you have a funding period of, for example, 45 days you could extrapolate between the one and the two month rate to arrive at the correct bbalibor rate.

MMMMM742 (talk) 18:23, 16 November 2009 (UTC)[reply]

Yearly or nightly?

Is the overnight rate the interest charged for one "night" or is it a yearly interest rate? E.g. at a 2% rate, would borrowing $1,000 cost $1,020 to repay the next day or ~ $1,000.05 ? —Preceding unsigned comment added by 24.80.229.167 (talk) 06:26, 16 March 2011 (UTC)[reply]