Confused about the day count issues...Assume the spot date is Apr 1 and I have a 3x6 FRA.Hence the start date and end date before any adjustment are Jul 1 and Dec 1 respectively.If Jul 1 is Saturday, then should the dates be Jul 3 (assumed not a holiday) and Dec 1 (assumed not a holiday) OR Jul 3 and Dec 3 (assumed not a holiday)In short, my question is whether the end date would be adjusted to maintain the "3-month" durationand one more additional question.. is there any "coupon adjustment" for the FRA as well? Unadjusted = count the number of days before any adjustment to start and end dates; adjusted = count the number of days between actual start and actual end dates..Somehow it's not that easy to find on google the answers to this kind of subtle question... Hope someone could shed some light on thisCheers

Oops... should post it in student forum...