Eurodollar deposits follow the money-market day-count convention.Suppose a deposit is made for 92 days at a Libor rate of 4% on a notional amount of $100.The interest amount is

Name: Eurodollar deposits follow the money-market day-count convention.Suppose a deposit is made for 92 days at a Libor rate of 4% on a notional amount of $100.The interest amount is
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The eurodollar money-market convention is Actual/360,so the interest is 100×4×92/360 = 1.0222.

Eurodollar Deposits Follow the Money-Market Day-Count Convention