Template:2006 ISDA Definitions 1.4: Difference between revisions

Section {{isdadefsprov|1.4}}. '''{{isdadefsprov|Business Day}}'''. “'''{{isdadefsprov|Business Day}}'''” means, in respect of any date that is specified in these {{isdadefsprov|2006 Definitions}} or in a Confirmation to be subject to adjustment in accordance with any applicable {{isdadefsprov|Business Day Convention}}, a day on which commercial banks and [[foreign exchange]] markets settle payments and are open for general business ([[including]] dealings in [[foreign exchange]] markets and foreign currency deposits) in the place(s) and on the days specified for that purpose in the related {{isdaprov|Confirmation}}, a {{isdadefsprov|TARGET Settlement Day}} (if “{{isdadefsprov|TARGET}}” or “{{isdadefsprov|TARGET Settlement Day}}” is specified for that purpose in the related {{isdaprov|Confirmation}}), a {{isdadefsprov|New York Fed Business Day}} (if “{{isdadefsprov|Federal Reserve}}”, “{{isdadefsprov|New York Fed}}” or “{{isdadefsprov|New York Fed Business Day}}” is specified for that purpose in the related {{isdaprov|Confirmation}}), a {{isdadefsprov|NYSE Business Day}} (if “{{isdadefsprov|New York Stock Exchange}}”, “{{isdadefsprov|NYSE}}”, or “{{isdadefsprov|NYSE Business Day}}” is specified for that purpose in the related {{isdaprov|Confirmation}}) and, if place(s) and days, or such terms, are not so specified, a day:  

:: (iii) The principal financial center of such currency, if the currency is other than those currencies specified in Section 1.7 ({{isdadefsprov|Currencies}}); and

:(c) that is a {{isdadefsprov|Business Day}} or {{isdadefsprov|TARGET Settlement Day}}, [[as the case may be]], in respect of each [[relevant]] [[currency]], where the payment obligations that are payable on or calculated by reference to that date are denominated in different currencies.