Canadian Day Count Processing Notes

Canadian bonds often follow unique day count conventions that result in slightly different accruals compare to US equivalents. The most common difference is when the day count basis is instructed as ACT/ACT or ACT/365, but the bond generates equal coupon payments across periods. This is supported in Eagle Accounting through distinct Day Count Basis (471) elections.

• For semiannual payers, set Day Count Basis = CAD/365

• For quarterly payers, set Day Count Basis = ZAR/365

Related content

• https://eagledocs.atlassian.net/wiki/spaces/IE/pages/1658978598

• https://eagledocs.atlassian.net/wiki/spaces/Accounting2017/pages/439484565