Term and dates - ISDA Definition: Difference between revisions

Term and dates - ISDA Definition (view source)

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-Sectfon 3.2. Effective Date. " Effective Date" means, in respect of a Swap Transaction, the date
-specified as such in the :related Confinnation, which date is the first day of the Tenn of the Swap
-Transact ion. The Effective Date shall not be subject to adj ustment in accordance with any Business Day
-Convent ion unless the parties specify in the related Confinnation that the Effective Date will be adj usted
-in accordance with a speci fied Business Day Convent ion.
 Sectfon 3.4. Ini tial Excha nge Date. " Irulial Exchange Date" means, in respect of a Swap
 Transact ion and a party, the date specified as such in the re lated Confinnation or, if a date is not so