Meaning of ACTUAL/360 in English
The day-count convention applied for the calculation of interest on a credit, implying that the interest is calculated over the actual number of calendar days over which the credit is extended, on the basis of a 360-day year. This day-count convention is applied in Eurosystem monetary policy operations.
European Central Bank English Glossary. Английский глоссарий Европейского Центрального Банка. 2012