83,240
edits
Amwelladmin (talk | contribs) (Created page with "Section {{Isdadefsprov|4.12}}. '''{{Isdadefsprov|Business Day Convention}}'''. <br> :(a)“{{Isdadefsprov|Business Day Convention}}” means the convention for adjusting any r...") |
Amwelladmin (talk | contribs) No edit summary Tags: Mobile edit Mobile web edit |
||
(2 intermediate revisions by the same user not shown) | |||
Line 1: | Line 1: | ||
Section {{Isdadefsprov|4.12}}. '''{{Isdadefsprov|Business Day Convention}}'''. <br> | Section {{Isdadefsprov|4.12}}. '''{{Isdadefsprov|Business Day Convention}}'''. <br> | ||
:(a)“{{Isdadefsprov|Business Day Convention}}” means the convention for adjusting any relevant date if it would otherwise fall on a day that is not a {{Isdadefsprov|Business Day}}. The | :(a) “'''{{Isdadefsprov|Business Day Convention}}'''” means the convention for adjusting any relevant date if it would otherwise fall on a day that is not a {{Isdadefsprov|Business Day}}. The following terms, when used in conjunction with the term “{{Isdadefsprov|Business Day Convention}}” and a date, shall mean that an adjustment will be made if that date would otherwise fall on a day that is not a {{Isdadefsprov|Business Day}} so that: <br> | ||
::(i) if | ::(i) if “'''{{Isdadefsprov|Following}}'''” is specified, that date will be the first following day that is a {{Isdadefsprov|Business Day}}; <br> | ||
::(ii) if | ::(ii) if “'''{{Isdadefsprov|Modified Following}}'''” or “'''Modified'''” is specified, that date will be the first following day that is a {{Isdadefsprov|Business Day}} unless that day falls in the next calendar month, in which case that date will be the first preceding day that is a {{Isdadefsprov|Business Day}}; and <br> | ||
::(iii) if | ::(iii) if “'''{{Isdadefsprov|Preceding}}'''” is specified, that date will be the first preceding day that is a {{Isdadefsprov|Business Day}}. <br> | ||
:(b) The {{Isdadefsprov|Business Day Convention}} applicable to a date that is specified in these {{Isdadefsprov|2006 Definitions}} or in a {{Isdadefsprov|Confirmation}} to be subject to adjustment in accordance with an applicable {{Isdadefsprov|Business Day Convention}} shall be the {{Isdadefsprov|Business Day Convention}} specified for that date in these {{Isdadefsprov|2006 Definitions}} or in that {{Isdadefsprov|Confirmation}} or, if a {{Isdadefsprov|Business Day Convention}} is not so specified for that date but a {{Isdadefsprov|Business Day Convention}} is specified for a {{Isdadefsprov|Swap Transaction}}, shall be the {{Isdadefsprov|Business Day Convention}} specified in the {{Isdadefsprov|Confirmation}} for that {{Isdadefsprov|Swap Transaction}}. <br> | :(b) The {{Isdadefsprov|Business Day Convention}} applicable to a date that is specified in these {{Isdadefsprov|2006 Definitions}} or in a {{Isdadefsprov|Confirmation}} to be subject to adjustment in accordance with an applicable {{Isdadefsprov|Business Day Convention}} shall be the {{Isdadefsprov|Business Day Convention}} specified for that date in these {{Isdadefsprov|2006 Definitions}} or in that {{Isdadefsprov|Confirmation}} or, if a {{Isdadefsprov|Business Day Convention}} is not so specified for that date but a {{Isdadefsprov|Business Day Convention}} is specified for a {{Isdadefsprov|Swap Transaction}}, shall be the {{Isdadefsprov|Business Day Convention}} specified in the {{Isdadefsprov|Confirmation}} for that {{Isdadefsprov|Swap Transaction}}. <br> |