Effective Date - ISDA Definition

ISDA Definitions Across the ages A Jolly Contrarian owner’s manual™ Go premium Overview — Summary — Premium — See also — Wikitext Crosscheck: Template:Go isdadefs Effective Date in a Nutshell™ The JC’s Nutshell™ summary of this term has moved uptown to the subscription-only ninja tier. For the cost of ½ a weekly 🍺 you can get it here. Sign up at Substack. You can even ask questions! Ask about it here. Original text 2006 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. 2021 2021 ISDA Interest Rate Derivatives Definitions ??? Template:M comp isdadefs Resources and Navigation Index: Click ᐅ to expand: ISDA

Comparisons

Amazing how many words you can contrive to take to say nothing when you put your mind to it. The first day of your Transaction. Thanks for writing in, ISDA.

Basics

The Effective Date is the day when everything starts for real on a Transaction — at which point payments start happening, Calculation Period begin to run and so on. To be contrasted with the Trade Date, being the date when traded and went “on risk” — at that point you struck your prices (Initial Price, Strike Price, so on).

So the sequence is Trade Date, Effective Date — — and Termination Date.

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