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> commonly used in finance Having worked in banking and hedge funds for many years for US, UK and European firms i have never once encountered this ISO calenda
by retube 3y ago
> commonly used in finance
Having worked in banking and hedge funds for many years for US, UK and European firms i have never once encountered this ISO calendar. I also part trained as an auditor when i started out, similarly never saw this. In fact this is the first time I've ever heard of it.
- potatopatch 3y agoThe day is pretty irrelevant in finance as it is too granular, but the problem of converting from US week numbers comes up.
- mtreis86 3y agoIts also used in manufacturing, tire date codes for instance are week.year or year.week
- contravariant 3y agoAs far as I have seen finance prefers months and quarters, not being able to tell which year a month is in is a non-starter. They do sometimes pretend each month is 30 days though.