Template:2006 ISDA Definitions 3.2: 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 | {{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 Confirmation, 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> | ||
Revision as of 09:20, 1 May 2018
3.2. Effective Date. “Effective Date” means, in respect of a Swap Transaction, the date specified as such in the related Confirmation, which date is the first day of the Term of the Swap Transaction. The Effective Date shall not be subject to adjustment in accordance with any Business Day Convention unless the parties specify in the related Confirmation that the Effective Date will be adjusted in accordance with a specified Business Day Convention.