Template:Nutshell Equity Derivatives 8.8

Section 8.8. “Cash Settlement Payment Date” means the date specified as such in Confirmation (or the following Currency Business Day, if it isn’t one) or, not so specified, the date that is one Settlement Cycle following the Valuation Date, or the following Currency Business Day if it isn’t one).

If, due to a Disrupted Day, there is more than one Valuation Date for the component of any Basket then the Cash Settlement Payment Date will be determined by reference to the last such Valuation Date.