Bank Working Day definition
Examples of Bank Working Day in a sentence
The Calculating Party is required to enter into these replacement transactions without undue delay but at the latest by the end of the fifth Bank Working Day following the Termination, or, where this is necessary for a value-conserving execution of the transactions, by the end of the twentieth Bank Working Day following the Termination.
If the parties fail to consent on the Delivery Amount or Return Amount within the Dispute Resolution Deadline, the party requesting delivery or return of Eligible Credit Support shall reevaluate the Exposure and Eligible Credit Support on the next Bank Working Day.
Article 6.2 Party B shall deposit sufficient funds for repayment of the principal and interest for the period concerned in its foreign exchange loan repayment special-purpose account opened with Party A one Bank Working Day prior to the repayment date and Interest Settlement Date such that Party A may transfer and collect the payment on such repayment date and Interest Settlement Date on its own.
If an interest period does not fall due on a day on which the banks operating on the Milan market are open to the public (the "Bank Working Day"), this due date will be put forward to the immediately preceding bank working day, without that advancement affecting the due date of the next interest period.
If this is not possible, the transfer of Eligible Credit Support shall take place on the next Bank Working Day on which a clearing system that can effect the transfer is operating.