Effective Date - ISDA Definition: Difference between revisions

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{{fullanat|isdadefs|3.2|2006}}
{{fullanat|isdadefs|3.2|2006}}
The day when everything starts on a {{isdaprov|Transaction}}.

Revision as of 15:45, 2 May 2018

2006 ISDA Definitions
3.2. Effective Date. “Effective Date” means, in respect of a Swap Transaction, the date specified as such in the related Confirmation, which date is the first day of the Term of the Swap Transaction. The Effective Date shall not be subject to adjustment in accordance with any Business Day Convention unless the parties specify in the related Confirmation that the Effective Date will be adjusted in accordance with a specified Business Day Convention.

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The day when everything starts on a Transaction.