Settlement Business Day definition

Settlement Business Day means a day on which commercial banks and foreign exchange market participants settle payments and are open for general business (including dealing in foreign exchange and foreign deposits) in the Business Centres specified in the applicable Final Terms.
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Settlement Business Day means any day on which commercial banks are open for general business (including dealings in foreign exchange and foreign currency deposits) in London and New York;
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Settlement Business Day means a day on which transfers of the Relevant Asset(s) are permitted to be settled in accordance with generally recognised banking practice;
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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.

  • Settlement Disruption Events In the case of Physical Delivery Securities, if a Settlement Disruption Event occurs or exists on the Settlement Date or the Redemption Date respectively, settlement will be postponed until the next Settlement Business Day in respect of which there is no Settlement Disruption Event.

  • If, prior to the delivery of the Entitlement in accordance with these Conditions, a Settlement Disruption Event is subsisting, then the Maturity Date or the Put Option Delivery Date in respect of such Note shall be postponed until the next Settlement Business Day on which no Settlement Disruption Event is subsisting and notice thereof shall be given to the relevant Holder, in accordance with Condition 26 (Notices).

  • Only applicable for Cash Settled Warrants if Settlement Date is different from the definition in Condition 4] ["Settlement Business Day" for the purposes of Condition 5(C)(2) means [specify].

  • Settlement DisruptionIf, following the exercise of Physical Delivery Products, in the opinion of the Issuer, delivery of the Entitlement is not practicable by reason of a Settlement Disruption Event (as defined below) having occurred and continuing on any Settlement Date, then such Settlement Date for such Products shall be postponed to the first following Settlement Business Day in respect of which there is no such Settlement Disruption Event.


More Definitions of Settlement Business Day

Settlement Business Day means any day which is (i) a Business Day, (ii) a business day in the jurisdiction of settlement, and (iii) a business day in the principal financial centre of the currency of the relevant Share Class.
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Settlement Business Day means 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 [insert all relevant financial centres].
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Settlement Business Day means any day which is (i) a Business Day; (ii) a business day in the jurisdiction of settlement; and
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Settlement Business Day in respect of each Note, has the meaning specified in the applicable Final Terms relating to such Note; and
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Settlement Business Day means a Business Day on which no Settlement Disruption Event has occurred or is continuing;
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Settlement Business Day means a day on which transfers of the Underlying(s) are permitted to be settled in accordance with generally recognised banking practice;
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Settlement Business Day means in respect of a FX Transaction, a day on which commercial banks in the principal financial centre of each such Specified Currency effect delivery of the Specified Currency which is the subject of a FX Transaction, and in the case of EUR shall mean any day on which the Trans-European Automated Real-Time Gross Settlement (TARGET) System (or replacement thereof from time to time) is open.
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