Template:2002 ISDA Equity Derivatives Definitions 1.32

From The Jolly Contrarian
Revision as of 08:47, 31 August 2017 by Amwelladmin (talk | contribs)
Jump to navigation Jump to search

Section 1.32. Currency Business Day. “Currency Business Day” means any day on which commercial banks are open for business (including dealings in foreign exchange and foreign currency deposits) in the principal financial center for the relevant currency. In respect of any Transaction in which the Settlement Currency is the euro, any day on which the Trans-European Automated Real-time Gross settlement Express Transfer (TARGET) system is open shall be a Currency Business Day.