Template:2021 ISDA Interest Rate Derivatives Definitions 2.1.1: Difference between revisions
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Amwelladmin (talk | contribs) Created page with "'''{{isdadefsprov|Business Day}}'''. “'''{{isdadefsprov|Business Day}}'''” means: :(i) a day on which commercial banks and foreign exchange markets are open for general business (including settling payments and dealings in foreign exchange and foreign currency deposits) in the place(s) specified for that purpose in the {{isdaprov|Confirmation}} or in the {{isdadefsprov|2021 Definitions}}; and :(ii) a day specified for that purpose in the {{isdaprov|Confirmation}},..." |
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'''{{ | '''{{isda2021defsprov|Business Day}}'''. “'''{{isda2021defsprov|Business Day}}'''” means: | ||
:(i) a day on which commercial banks and foreign exchange markets are open for general business (including settling payments and dealings in foreign exchange and foreign currency deposits) in the place(s) specified for that purpose in the {{isdaprov|Confirmation}} or in the {{ | :(i) a day on which commercial banks and foreign exchange markets are open for general business (including settling payments and dealings in foreign exchange and foreign currency deposits) in the place(s) specified for that purpose in the {{isdaprov|Confirmation}} or in the {{isda2021defsprov|2021 Definitions}}; and | ||
:(ii) a day specified for that purpose in the {{isdaprov|Confirmation}}, which may be by reference to any of the defined purposes set out in Section {{ | :(ii) a day specified for that purpose in the {{isdaprov|Confirmation}}, which may be by reference to any of the defined purposes set out in Section {{isda2021defsprov|2.1.5}} (''{{isda2021defsprov|TARGET Settlement Day}}'') to Section {{isda2021defsprov|2.1.10}} (''{{isda2021defsprov|Abu Dhabi Days}}'') or otherwise; and | ||
:(iii) if place(s) and days, or such terms, are not specified, a {{ | :(iii) if place(s) and days, or such terms, are not specified, a {{isda2021defsprov|Currency Business Day}}. | ||
Latest revision as of 14:56, 4 December 2023
Business Day. “Business Day” means:
- (i) a day on which commercial banks and foreign exchange markets are open for general business (including settling payments and dealings in foreign exchange and foreign currency deposits) in the place(s) specified for that purpose in the Confirmation or in the 2021 Definitions; and
- (ii) a day specified for that purpose in the Confirmation, which may be by reference to any of the defined purposes set out in Section 2.1.5 (TARGET Settlement Day) to Section 2.1.10 (Abu Dhabi Days) or otherwise; and
- (iii) if place(s) and days, or such terms, are not specified, a Currency Business Day.