Interest calculation period

Interest calculation period and period break in Nordkap

The interest calculation period is the time frame during which interest is calculated; an interest period is the interval during which the interest calculation takes place.

In Nordkap, the interest period is regulated by the event of Period Break.

The choice of the interest calculation period determines whether the Period Break event indicates the first day of a new interest period (including the start date) or if the Period Break represents the last day of an interest period (including the end date).