May be it's a case of the banking sector saying that they utilise this
unbiased rounding when in practice they didn't. Then pocketed the
difference.

NickHK

"Jerry W. Lewis" wrote in message
...
What MS calls "banker's rounding" has been considered best practice for at
least a century, and is specified by ASTM, IEEE (in its binary equivalent)
and many other standards bodies.

It is sometimes called "unbiased rounding" because it rounds to the
nearest
rounded number with ties going up or down to make an even rounded number,
thus avoiding the small bias introduced by always rounding 5's up.

What does strike me as funny is how it ever came to be called "banker's
rounding" since as far as I can tell, banking and finance is about the
only
area where it seems to never be used.

Jerry

"Bud" wrote:

Thank you for the reply, very usefull !!

It would have been nice from microsoft to include such information in
the
help of VBA in office 2003, since it has been know for a while...

The help is not explicite on how it is rounding numbers.
(banker's rounding, Its funny)
--
Bud