Template:Isda General Business Day summ isdaprov: Difference between revisions

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(Created page with "==== “General Business Day” and “Local Business Day” ==== The defined term {{{{{1}}}|General Business Day}} appears in only one place in the {{isdama}}: the definition of {{{{{1}}}|Local Business Day}}. It is this: {{quote| {{ISDA Master Agreement 2002 General Business Day}} }} Thereby, a short definition is used to prop up a longer one. The {{1992ma}} doesn’t have the concept of a “General Business Day” at all.")
 
(No difference)

Latest revision as of 19:09, 22 May 2024

“General Business Day” and “Local Business Day”

The defined term {{{{{1}}}|General Business Day}} appears in only one place in the ISDA Master Agreement: the definition of {{{{{1}}}|Local Business Day}}. It is this:

General Business Day” means a day on which commercial banks are open for general business (including dealings in foreign exchange and foreign currency deposits).

Thereby, a short definition is used to prop up a longer one.

The 1992 ISDA doesn’t have the concept of a “General Business Day” at all.