View source for Template:Isda Local Business Day summ

====There is no plain “Business Day” in the ISDA====
Even old stagers are occasionally surprised to rediscover that {{icds}} didn’t define the expression “{{{{{1}}}|Business Day}}” in the {{isdama}}: only “{{{{{1}}}|Local Business Day}}” and “{{{{{1}}}|General Business Day}}” (and even the latter of these is only used in the definition of Local Business Day). It is, of course, defined in the {{isda2006defs}} and their spiritual successors the {{isda2021defs}} — but these operate only at {{{{{1}}}|Confirmation}}/{{{{{1}}}|Transaction}} level. (in fairness, the first ISDA definitions were published before the {{1992ma}}, so there was never much of a gap) 

But there must have been an uneasy period where there was no Business Day 

{{Isda General Business Day summ {{{1}}}|{{{1}}}}}

===Local Business Day and Local Delivery Day===
{{isda summ local business day v local delivery day}}
===CSA relevance===
{{csaprov|Local Business Day}} is also defined in the {{csa}} (and its successors, dependents, friends and relations), as it the related term {{csaprov|Regular Settlement Day}}. Which makes for fun, as premium subscribers will see below.