Template:2014 ISDA Credit Derivatives Definitions 1: Difference between revisions

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'''Section {{cddprov|1.52}} {{cddprov|TARGET Settlement Day}}'''. “'''{{cddprov|TARGET Settlement Day}}'''” means any day on which TARGET2 (the Trans-European Automated Real-time Gross settlement Express Transfer system) is open.<br>
 
'''Section {{cddprov|1.53}} {{cddprov|Business Day Convention}}'''.<br>
'''Section {{cddprov|1.53}} {{cddprov|Business Day Convention}}'''.<br>
:(a) “'''{{cddprov|Business Day Convention}}'''” means the convention for adjusting any relevant date if it would otherwise fall on a day that is not a {{cddprov|Business Day}}. The following terms, when used in conjunction with the term “'''{{cddprov|Business Day Convention}}'''” and a date, shall mean that an adjustment will be made if that date would otherwise fall on a day that is not a {{cddprov|Business Day}} so that:<br>
:(a) “'''{{cddprov|Business Day Convention}}'''” means the convention for adjusting any relevant date if it would otherwise fall on a day that is not a {{cddprov|Business Day}}. The following terms, when used in conjunction with the term “'''{{cddprov|Business Day Convention}}'''” and a date, shall mean that an adjustment will be made if that date would otherwise fall on a day that is not a {{cddprov|Business Day}} so that:<br>

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