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Template:2014 ISDA Credit Derivatives Definitions 1: Difference between revisions
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Template:2014 ISDA Credit Derivatives Definitions 1 (view source)
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{{2014 ISDA Credit Derivatives Definitions 1.52}} | {{2014 ISDA Credit Derivatives Definitions 1.52}} | ||
'''Section {{cddprov|1.44}} {{cddprov|Calculation Agent City Business Day}}'''. “'''{{cddprov|Calculation Agent City Business Day}}'''” means a day on which commercial banks and foreign exchange markets are generally open to settle payments in the {{cddprov|Calculation Agent}} City.<br> | '''Section {{cddprov|1.44}} {{cddprov|Calculation Agent City Business Day}}'''. “'''{{cddprov|Calculation Agent City Business Day}}'''” means a day on which commercial banks and foreign exchange markets are generally open to settle payments in the {{cddprov|Calculation Agent}} City.<br> | ||
'''Section {{cddprov|1.45}} Grace Period Extension Date'''. “'''{{cddprov|Grace Period Extension Date}}'''” means, if (a) “'''{{cddprov|Grace Period Extension}}'''” is specified as applicable in the related {{cddprov|Confirmation}} and (b) a {{cddprov|Potential Failure to Pay}} occurs on or prior to the {{cddprov|Scheduled Termination Date}} , the date that is the number of days in the Grace Period after the date of such Potential {{cddprov|Failure to Pay}}. If “'''{{cddprov|Grace Period Extension}}'''” is not specified as applicable in the related Confirmation, Grace Period Extension shall not apply to the relevant {{cddprov|Credit Derivative Transaction}}.<br> | '''Section {{cddprov|1.45}} Grace Period Extension Date'''. “'''{{cddprov|Grace Period Extension Date}}'''” means, if (a) “'''{{cddprov|Grace Period Extension}}'''” is specified as applicable in the related {{cddprov|Confirmation}} and (b) a {{cddprov|Potential Failure to Pay}} occurs on or prior to the {{cddprov|Scheduled Termination Date}} , the date that is the number of days in the Grace Period after the date of such Potential {{cddprov|Failure to Pay}}. If “'''{{cddprov|Grace Period Extension}}'''” is not specified as applicable in the related Confirmation, Grace Period Extension shall not apply to the relevant {{cddprov|Credit Derivative Transaction}}.<br> | ||