Reference Business Day definition

Reference Business Day means (i) a day on which commercial banks and foreign exchange markets settle payments and are open for general business (including dealings in foreign exchange and foreign currency deposits) in each of the places specified for that purpose in the applicable Issue Terms under “Reference Business Day” and/or (ii) if “TARGET” or “TARGET Settlement Day” is specified under “Reference Business Day” in the applicable Issue Terms, a TARGET Settlement Day.
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Reference Business Day means a (i) a day on which commercial banks and foreign exchange markets settle payments and are open for general business (including dealings in foreign exchange and foreign currency deposits) in London and Zurich and (ii) a TARGET Settlement Day.
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Reference Business Day means a day (other than a Saturday or a Sunday) on which banks and foreign exchange markets are open for business in New York.
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Examples of Reference Business Day in a sentence

  • Formula for calculating the Swap Counterparty Equity Final Exchange Amount and the Additional Payout Amount The Additional Payout Amount (if any) payable in respect of each Class of Notes is expected to be funded by the Swap Counterparty Equity Final Exchange Amount (if any) receivable by the Issuer on the Reference Business Day immediately preceding the Scheduled Maturity Date (the “Swap Counterparty Equity Final Exchange Date”).

  • Consequently, any determination date under the Notes (and any related payment date) which relies on there being a benchmark will be suspended until an alternative benchmark (as adjusted by any adjustment spread) has been identified.If an alternative benchmark and adjustment spread are identified, any suspended payments shall be due on the second Reference Business Day following the Cut-off Date.

  • Consequently, any determination date under the Notes (and any related payment date) which relies on there being a Benchmark will be suspended until an alternative benchmark (as adjusted by any adjustment spread) has been identified.If an alternative benchmark and adjustment spread are identified, any suspended payments shall be due on the second Reference Business Day following the Cut-off Date.

  • In this Condition 10(d), “business day” means (i) a Reference Business Day and (ii) if the Notes are represented by one or more Definitive Note(s), aday (other than a Saturday or a Sunday) on which banks and foreign exchange markets are open for business in the relevant place of presentation.

  • Formula for calculating the Swap Counterparty Equity Final Exchange Amount and the Additional Payout Amount The Additional Payout Amount (if any) payable is expected to be funded by the Swap Counterparty Equity Final Exchange Amount (if any) receivable by the Issuer on the Reference Business Day immediately preceding the Scheduled Maturity Date (the “Swap Counterparty Equity Final Exchange Date”).

  • Where any date referred to in these Conditions that is specified to be subject to adjustment in accordance with the Modified Following Business Day Convention would otherwise fall on a day that is not a Reference Business Day, then such date shall be postponed to the next day that is a Reference Business Day unless it would thereby fall into the next calendar month, in which event such date shall be brought forward to the immediately preceding Reference Business Day.

  • Commodity The Percentage Target Weights (PTW) for each month are calculated using the Contract Units (CU) and the prices of the Reference Contracts on the first Pricing Reference Business Day preceding the start of the Rol Period.

  • For each commodity i, the Percentage Target Weights of month j (denoted by PTWij) will be calculated according to the following formula: PTWij RCPij  CUi RCPij  CUi i where RCPij is the price of Reference Contract for commodity i on the first Pricing Reference Business Day preceding the start of the Roll Period of month j and CUi are the Contract Units for commodity i.

  • According to Section 3.2 of the Methodology, the Pricing Reference Total Dollar Weights (TDW) is calculated on the first Pricing Reference Business Day preceding the start of the Roll Period of month j.

  • Based on this TDW, the Contract Production Weights for commodity i on month j is calculated according to the formula: CPW TDW  PTWijPijij where Pij denotes the price of the contract described in Table 1 for commodity i, on the first Pricing Reference Business Day preceding the start of the Roll Period of month j.


More Definitions of Reference Business Day

Reference Business Day means a day (i) on which commercial banks and foreign exchange markets settle payments and are open for general business (including dealings in foreign exchange and foreign currency deposits) in each of the places specified for that purpose in the applicable Authorised Offering Document under “Reference Business Day” and (ii) if “TARGET” or “TARGET Business Day” is specified under “Reference Business Day” in the applicable Authorised Offering Document, which is a TARGET Business Day.
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Reference Business Day means (i) a day on which commercial banks and foreign exchange markets settle payments and are open for general business (including dealings in foreign exchange and foreign currency deposits) in each of the places specified for that purpose in the applicable Final Terms or Pricing Supplement under “Reference Business Day” and/or (ii) if “TARGET” or “TARGET
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Reference Business Day means (i) a day on which commercial banks and foreign exchange markets settle payments and are open for general business (including dealings in foreign exchange and foreign currency deposits) in each of the place(s) specified for that purpose in the applicable Final Terms or
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Reference Business Day means a day (other than a Saturday or Sunday) on which commercial banks and foreign exchange markets settle payments in London and a day on which each Clearing Agent is open for business.
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Related to Reference Business Day

  • CSD Business Day means a day on which the Book-Entry Securities System is open in accordance with the regulations of the CSD.

  • Index Business Day means, in respect of an Index, any day on which the Index Sponsor in respect of such Index is scheduled to publish the level of the Index.

  • RFR Business Day means as applicable, for any Obligations, interest, fees, commissions or other amounts denominated in, or calculated with respect to (i) Sterling, a day on which banks are open for general business in London and (ii) Euro, a TARGET Day.

  • Relevant Business Day means a day on which the Trans-European Automated Real-time Gross Settlement Express Transfer payment system which utilises a single shared platform and which was launched on 19 November 2007 (TARGET2) is open for the settlement of payments in EUR.

  • FX Business Day is any day when (a) Bank’s Foreign Exchange Department is conducting its normal business and (b) the Foreign Currency being purchased or sold by Borrower is available to Bank from the entity from which Bank shall buy or sell such Foreign Currency.

  • TARGET2 Business Day means, a day in which the Trans-European Automated Real-Time Gross Settlement Express Transfer (TARGET2) System or any successor is open.

  • SOFR Business Day means any day except for (i) a Saturday, (ii) a Sunday or (iii) a day on which the Securities Industry and Financial Markets Association recommends that the fixed income departments of its members be closed for the entire day for purposes of trading in United States government securities.

  • PRC Business Day means a day (other than a Saturday, Sunday or public holiday) on which commercial banks are generally open for business in Beijing;

  • Currency Business Day means a day on which commercial banks and foreign exchange markets are open for general business (including dealings in foreign exchange and foreign currency deposits) in the principal financial centre of the Relevant Currency or, in the case of euros, a city in which banks in general have access to the TARGET2 System.

  • Euro Business Day means any day on which the Trans-European Automated Real-Time Gross Settlement Express Transfer (TARGET) System, or any successor system, is open for business.

  • LIBOR Business Day Any day on which banks in London, England and The City of New York are open and conducting transactions in foreign currency and exchange.

  • Fund Business Day means any day on which the NAV of Shares of each Fund is determined as stated in the then current Prospectus.

  • Grace Period Business Day means a day on which commercial banks and foreign exchange markets are generally open to settle payments in the place or places and on the days specified for that purpose in the relevant Obligation and if a place or places are not so specified, in the jurisdiction of the Obligation Currency.

  • USGS Business Day means any day except for a Saturday, Sunday or a day on which the Securities Industry and Financial Markets Association or any successor thereto (“SIFMA”) recommends that the fixed income departments of its members be closed for the entire day for purposes of trading in U.S. government securities.

  • Market Measure Business Day means a day on which:

  • Exchange Business Day means any Scheduled Trading Day on which the Exchange and each Related Exchange are open for trading during their respective regular trading sessions, notwithstanding any such Exchange or Related Exchange closing prior to its Scheduled Closing Time.

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

  • Payment Business Day means a day on which commercial banks are open for business (including dealings in foreign exchange and foreign currency deposits) in Stockholm and Frankfurt am Main and on which the Clearing System settles payments in the Issue Currency.

  • Determination Business Day means a day (other than a Saturday or Sunday) on which commercial banks are open for general business (including dealings in foreign exchange) in Hong Kong, London and New York City;

  • Valuation Business Day means, with respect to each Reference Currency, any day, other than a Saturday or Sunday, that is neither a legal holiday nor a day on which commercial banks are authorized or required by law, regulation or executive order to close (including for dealings in foreign exchange in accordance with the practice of the foreign exchange market) in the city or jurisdiction indicated in the table below:

  • Domestic Business Day means any day except a Saturday, Sunday or other day on which commercial banks in New York City are authorized by law to close.

  • Eurodollar Business Day means any Business Day on which major commercial banks are open for international business (including dealings in Dollar deposits) in New York, New York and London, England.

  • non-business day means Saturday, Sunday and any other day that is a holiday as defined in the Interpretation Act (Canada);

  • Bank Business Day means a day on which the Bank conducts business activities as per its effective opening hours, so when the Bank is open for the purpose of executing payment transactions.

  • Business Day means any day except any Saturday, any Sunday, any day which is a federal legal holiday in the United States or any day on which banking institutions in the State of New York are authorized or required by law or other governmental action to close.

  • TARGET Business Day means a day on which the TARGET System is operating.