Effective Date - ISDA Definition: Difference between revisions

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{{fullanat|isdadefs|3.2|2006}}
{{isdadefsanat|3.2}}
The day when everything starts on a {{isdaprov|Transaction}}.
The day when everything starts for real on a {{isdaprov|Transaction}} — at which point payments start happening, {{isdadefsprov|Calculation Period}} begin to run and so on. To be contrasted with the {{isdadefsprov|Trade Date}}, being the date when traded and went “on risk” — at that point you struck your prices ([[Initial Price - Equity Derivatives Provision|Initial Price]], [[Strike Price - Equity Derivatives Provision|Strike Price]], so on).
 
So the sequence is {{isdadefsprov|Trade Date}}, {{isdadefsprov|Effective Date}} —  — and {{isdadefsprov|Termination Date}}.