Leap Year Reminder
If your bank calculates interest using 365 days, this is a good time to check whether your system converted to 366 for leap year (1996). If so, remind your operations staff to switch back to 365 days on January 1, 1997.
Copyright © 1996 Compliance Action. Originally appeared in Compliance Action, Vol. 1, No. 16, 10/96
First published on 10/01/1996