DRV-F wikitext: Difference between revisions

DRV-F wikitext (view source)

420 bytes removed , 21 January 2020

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 {{DRVF 12}}
-{{drvfprov|4}}	'''{{drvfprov|Banking Day}}'''<br>
-:{{drvfprov|4(1)}}	'''{{drvfprov|Banking Day}}''' for the purpose of this {{drvfprov|Agreement}} shall mean each day (other than a Saturday or a Sunday) on which banks are open for business, including trading in foreign currencies and acceptance of foreign currency deposits, at the financial centre(s) specified in respect of the relevant {{drvfprov|Transaction}}.<br>
 {{drvfprov|5}}	'''{{drvfprov|Reference Basis}}'''<br>
 :{{drvfprov|5(1)}}	Where a floating interest rate, exchange rate, price or other calculation basis ('''{{drvfprov|Floating Basis}}''') has been agreed in respect of a {{drvfprov|Transaction}}, the Bank shall notify the Counterparty of the underlying reference basis on the day such {{drvfprov|Floating Basis}} is to be determined ('''{{drvfprov|Calculation Date}}''') or promptly thereafter.<br>