Examples of Settlement Business Day in a sentence
In the case of Physical Settlement Warrants, if a Settlement Disruption Event occurs or exists on the Settlement Date, settlement will be postponed until the next Settlement Business Day on which no Settlement Disruption Event occurs.
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In this constitution: ASX Settlement means ASX Settlement Pty Ltd (ABN 49 008 504 532); ASX Settlement Operating Rules means the operating rules (however described) of ASX Settlement; Business Day means a day on which banks are open for business excluding Saturdays, Sundays and public holidays in Western Australia.
If, prior to the delivery of the Entitlement in accordance with these Physical Delivery Conditions, a Settlement Disruption Event is subsisting, then the Maturity Delivery Date in respect of such Note shall be postponed until the next Settlement Business Day (as specified in the applicable Final Terms) on which no Settlement Disruption Event is subsisting and notice thereof shall be given to the relevant Noteholder, in accordance with Condition 14.
Tenors The FX Settlement Date originally specified must fall not later than the day which is expected (as at the Trade Date) to be the last Settlement Business Day falling within the period of two calendar years beginning on the FX Settlement Date which would standardly apply in the market to a non-deliverable FX "spot" transaction entered into on the Trade Date.