Template:Nutshell GMSLA Business Day

Business Day means a weekday on which banks and markets are generally open:

(a) For Delivery: where the Securities, Collateral and their Equivalents are to be delivered;

(b) For payments: in the principal financial centre for the relevant currency and where any relevant account designated in the Agreement is situated (or for euro, a day when TARGET operates);

(c) For notices: where the notice is due to be delivered (per Schedule paragraph 3); and

(d) Any other case: in each place stated in Schedule paragraph 6;