Exchange Day definition

Exchange Day means a day which is (or, but for the occurrence of an Extraordinary Event, would have been) a trading day on each of the Principal Exchanges and Related Exchanges for the Shares comprising the Equity Portfolio or related contracts, options or instruments, including a day on which trading on such an exchange is scheduled to close prior to its regular closing time. If such term is used in relation to a particular Share, "Exchange Day" means a day which is (or, but for the occurrence of a Market Disruption Event in respect of the Share, would have been) a trading day on each Principal Exchange and Related Exchange for the Share or related contracts, options or instruments, including a day on which trading on such an exchange is scheduled to close prior to its regular closing time.

Exchange Day means, in respect of the Underlying Index, a day which is (or, but for the occurrence of an Extraordinary Event, would have been) a trading day on each of the Principal Exchanges and Related Exchanges for the securities of the entities comprising the Target Index or related contracts, options or instruments, including a day on which trading on such an exchange is scheduled to close prior to its regular closing time.

Exchange Day means any day an applicable Exchange is open for trading during its regular trading session (it being understood and agreed that any day on which an applicable Exchange is open for trading but is scheduled to close early in connection with a current or pending holiday shall constitute a regular trading session).

Examples of Exchange Day in a sentence

• Subsequently, the subscription price of a Participation Unit is determined based on the Net Asset Value per Participation Unit at the end of the relevant Exchange Day.

• The Investment Manager may apply the NAV of 1 (one) Exchange Day before the Exchange Day of Redemption application is submitted, as the estimation calculation of Collective Maximum Limit of Participation Unit Redemption.

• An Open-end investment fund enable an investor to withdraw their Participation Unit at anytime on an Exchange Day by redeeming their Participation Units to the Investment Manager.

• Particularly for the Participation Units Subscription and payment conducted electronically using electronic system provided by Investment Manager or Selling Agent of Investment Fund Securities appointed by the Investment Manager (if any), if the subscription and the payment conducted on the day that is not an exchange day, the Net Asset Value that will be used is the Net Asset Value on the following Exchange Day.

• The Investment Manager may apply the NAV of 1 (one) Exchange Day before the Exchange Day of Switching application is submitted, as the estimation calculation of Collective Maximum Limit of Participation Unit Switching.

More Definitions of Exchange Day

Exchange Day means, in respect of a Reference Share, any day on which the Exchange for that Reference Share is scheduled to be open for trading during the regular trading sessions.

Exchange Day means, in respect of a Reference Index, any day on which the Exchange for the constituents of the Reference Index is scheduled to be open for trading during the regular trading sessions.

Exchange Day means, in respect of the Index, any day on which the Exchange and each Related Exchange are scheduled to be open for trading during their respective regular trading sessions;

Exchange Day means a day on which an Exchange is (or, but for the occurrence of an Extraordinary Event, would have been) open for trading during its regular trading session, including a day on which trading on such Exchange is scheduled to close prior to its regular closing time.

Exchange Day means, in respect of the Reference Index, any day on which the Exchange and each Related Exchange are open for trading, notwithstanding the Exchange or any Related Exchange closing prior to its scheduled closing time.

Exchange Day means, in respect of a Reference Unit, any day on which the Exchange for that Reference Unit is scheduled to be open for trading during the regular trading sessions.

Exchange Day means, in respect of a Reference Share, any day on which the Exchange for that Reference Share is scheduled to be open for trading during the regular trading sessions, notwithstanding any such Exchange closing prior to its scheduled weekday closing time, without regard to after hours or any other trading outside of the regular trading sessions hours.