London Banking Day definition

London Banking Day means any day on which dealings in Dollar deposits are conducted by and between banks in the London interbank eurodollar market.

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London Banking Day means a day on which commercial banks are open for business (including dealings in the LIBOR Currency) in London.

London Banking Day or "LBD" means any day on which commercial banks are open for general business (including dealing in foreign exchange and foreign currency deposits) in London;

Examples of London Banking Day in a sentence

A "London Banking Day" is a day on which banks in London are open for business and dealing in offshore dollars.
The “Interest Determination Date” will be the second London Banking Day preceding the related Interest Reset Date.
The second London Banking Day preceding the applicable Reset Date unless the Index Currency is Sterling, in which case it means the applicable Reset Date.
The Calculation Agent shall determine LIBOR for each Floating Rate Interest Period on the second London Banking Day prior to the first day of such Floating Rate Interest Period (an “Interest Determination Date”).
GBP For the relevant determination date, "SONIA", which means the reference rate equal to the overnight rate as calculated by the Wholesale Markets Brokers' Association which appears on Telerate Page 3937 or any successor page under the heading "Sterling Overnight Index" as of 9.00 a.m., London time, on the first London Banking Day following that day.

More Definitions of London Banking Day

London Banking Day means any day on which dealings in Dollar deposits are conducted by and between banks in the London interbank Eurodollar market.

London Banking Day means a day on which commercial banks are open for business (including dealings in foreign exchange and foreign currency deposits) in London.

London Banking Day means any day on which commercial banks are open for general business (including dealings in deposits in U.S. dollars) in London.

London Banking Day means any day on which dealings in deposits in U.S. dollars are transacted in the London interbank market.

London Banking Day means any day other than Saturday or Sunday or a day on which commercial banks are required or authorized by law to be closed in London, England.

London Banking Day. Any Business Day on which dealings in deposits in United States dollars are transacted in the London interbank market.

London Banking Day means a day on which commercial banks are open for business, including dealings in United States dollars, in London.