Template:Isda General Business Day summ isdaprov
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“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.