Banking Day definition

Banking Day means each day (other than a Saturday or Sunday) on which the Clearing System and the Trans-European Automated Real-time Gross settlement Express Transfer-System (TARGET2) ("TARGET2") are open for business.
Banking Day means a day on which commercial banks in London are open for general business (including dealings in foreign exchange and foreign currency deposits).
Banking Day means, in respect of any city, a day on which commercial banks are open for general business (including dealings in foreign exchange and foreign currency deposits) in that city.

Examples of Banking Day in a sentence

  • In instances where the ODFI is in receipt of a Return Entry or a Notification of Change, arising from the Prenotification, by the commencement of business on the second Banking Day post the Settlement Date of the Prenotification, the Company is obligated to refrain from transmitting any subsequent Entries to the Receiver’s account until the cause for the Return Entry is rectified or the adjustments as stipulated by the Notification of Change are implemented.

  • Following the origination of a Prenotification Entry to a Receiver’s account, the Company may advance with subsequent Entries to the Receiver’s account post the third Banking Day subsequent to the Settlement Date of the Prenotification Entry.


More Definitions of Banking Day

Banking Day means, in respect of any city, any date on which commercial banks are open for business in that city.
Banking Day means a day on which dealings in deposits in Dollars are carried on in the London Interbank Eurocurrency Market and (other than Saturday or Sunday) on which banks are open for business in London, Piraeus and New York City (or any other relevant place of payment under clause 6);
Banking Day means any day on which we are open for business in the Republic of Ireland, other than a Saturday, Sunday or bank holiday; and non-banking day means any other day;
Banking Day means a day other than a Saturday or a Sunday or a public holiday listed throughout Australia.
Banking Day means the part of a day on which a bank is open to the public for carrying on substantially all of its banking functions.
Banking Day means each day (other than a Saturday or Sunday) on which the Clearing System is open for business and commercial banks and foreign exchange markets settle payments in the Banking Day Financial Centre.
Banking Day means any day on which the Funds, Seller Custodian, Repo Custodian, and the Federal Reserve Banks where the Custodian and the Repo Custodian are located, are each open for business.