Banking Day - DRV-F Provision

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DRV for Derivatives and Futures Anatomy™
This is an informal, non-binding and, by the looks, not massively idiomatic translation of the Deutscher Rahmenvertrag für Finanztermingeschäfte. So treat it, and the JC's summary of and uninformed musings about it, with even more caution than normal.


In a Nutshell Clause 4:

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DRV for Derivatives and Futures full text of Clause 4:

4 Banking Day

4(1) Banking Day for the purpose of this Agreement shall mean each day (other than a Saturday or a Sunday) on which banks are open for business, including trading in foreign currencies and acceptance of foreign currency deposits, at the financial centre(s) specified in respect of the relevant Transaction.

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Resources: Bankenverbad | DRV-F · (wikitext) · (nutshell wikitext)
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