InterestCalculationBasisDaysInYearCount
Type : CLOSING_InterestCalculationBasisDaysinYearCountEnumerated
Value Description
360
365
365.25
365Or366

Definition
The number of days in a year to be used for a loans interest calculation. Commonly used for Daily Simple Interest and other loans where interest due is calculated monthly.

Parents
\LOAN\_APPLICATION\LOAN_PRODUCT_DATA\INTEREST_CALCULATION_RULE