Template:2002 ISDA Equity Derivatives Definitions 1.32: Difference between revisions
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Section {{eqderivprov|1.32}}. {{eqderivprov|Currency Business Day}}. “'''{{eqderivprov|Currency Business Day}}'''” means any day on which commercial banks are open for business (including dealings in foreign exchange and foreign currency deposits) in the principal financial center for the relevant currency. In respect of any {{eqderivprov|Transaction}} in which the {{eqderivprov|Settlement Currency}} is the {{ | Section {{eqderivprov|1.32}}. '''{{eqderivprov|Currency Business Day}}'''. “'''{{eqderivprov|Currency Business Day}}'''” means any day on which commercial banks are open for business (including dealings in foreign exchange and foreign currency deposits) in the principal financial center for the relevant currency. In respect of any {{eqderivprov|Transaction}} in which the {{eqderivprov|Settlement Currency}} is the {{eqderivprov|euro}}, any day on which the [[Trans-European Automated Real-time Gross settlement Express Transfer System|Trans-European Automated Real-time Gross settlement Express Transfer]] ([[TARGET system|TARGET]]) system is open [[shall]] be a {{eqderivprov|Currency Business Day}}. <br> | ||
Latest revision as of 13:28, 13 September 2018
Section 1.32. Currency Business Day. “Currency Business Day” means any day on which commercial banks are open for business (including dealings in foreign exchange and foreign currency deposits) in the principal financial center for the relevant currency. In respect of any Transaction in which the Settlement Currency is the euro, any day on which the Trans-European Automated Real-time Gross settlement Express Transfer (TARGET) system is open shall be a Currency Business Day.