Banking Day - ISDA Definition

ISDA Definitions Go Premium In a Nutshell™ Section 1.3: Section 1.3 “Banking Day” means, for any city, a day on which commercial banks there are open. view template 2006 ISDA Definitions: The full text of Section 1.3: Section 1.3 Banking Day. “Banking Day” means, in respect of any city, any day on which commercial banks are open for general business (including dealings in foreign exchange and foreign currency deposits) in that city. view template Resources: 2006 ISDA DefinitionsArticles: 1 General definitions | 2 Parties | 3 Term and dates | 4 Definitions relating to payments | 5 Fixed Amounts | 6 Floating Amounts | 7 | 8 | 9 Payments | 10 | 11 | 12 | 13 Exercise of Options | 14 | 15 | 16 Optional Early Termination | 17 Mandatory Early Termination | 18 Cash Settlement | 19 ISDA Settlement Matrix | Comments? Questions? Suggestions? Requests? Insults? We’d love to 📧 hear from you. Sign up for our newsletter.

A much, much easier definition to use than Business Day.