Term Finance v1
  • Introduction to Term Finance
  • Protocol
    • Term Repos
      • Key terms
      • Margin maintenance
      • Maturity
      • Collapse position
      • Defaults
        • Liquidation
        • Liquidation protection
      • Terminology
      • Conventions
      • Rollovers
    • Term Auctions
      • Auction characteristics
      • Auction timeline
      • Complete Auction
        • Clearing rate
        • Assignment
        • Settlement
      • Terminology
    • Term Repo Tokens
      • Key metadata
      • Valuation
    • Fees and Penalties
      • Servicing Fee
      • Liquidated Damages
    • Risk Disclosures
      • Term Repo Risks
      • Smart Contract Risk
      • Digital Asset Risk
      • Ethereum Network Risk
    • FAQ
  • PERIPHERY
    • Blue Sheets (Simple-Earn)
      • Security Audits
      • GitHub Repo
      • FAQ
  • Developers
    • Developer Docs
    • Security Audits
  • Legal
    • Terms of Use
    • Privacy Policy
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On this page
  • Day-count convention
  • Repurchase Price
  1. Protocol
  2. Term Repos

Conventions

Conventions used by Term Finance.

Day-count convention

In calculating the repurchase price due at maturity based on the market clearing repo rate, we follow an Actual/360 day count convention.

DayCountFactor=Days(AuctionDate, MaturityDate)360 \text{DayCountFactor} = \frac{\text{Days}(\text{AuctionDate},\text{ MaturityDate})}{360}DayCountFactor=360Days(AuctionDate, MaturityDate)​

Repurchase Price

The Repurchase Price, given the Purchase Price and any given repo rate is calculated as follows:

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Last updated 7 months ago