Effective Date - ISDA Definition: Difference between revisions

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{{isdadefsprov|3.2}}. '''{{isdadefsprov|Effective Date}}'''. “{{isdadefsprov|Effective Date}}” means, in respect of a {{isdadefsprov|Swap Transaction}}, the date specified as such in the related Confinnation, which date is the first day of the {{isdadefsprov|Term}} of the {{isdadefsprov|Swap Transaction}}. The {{isdadefsprov|Effective Date}} shall not be subject to adjustment in accordance with any {{isdadefsprov|Business Day Convention}} unless the parties specify in the related {{isdadefsprov|Confirmation}} that the {{isdadefsprov|Effective Date}} will be adjusted in accordance with a specified {{isdadefsprov|Business Day Convention}}. <br>
{{fullanat|isdadefs|3.2|2006}}