Currency Business Day definition

Currency Business Day means a day which is a Banking Day in the Financial Centre(s) if any (as specified in the relevant Pricing Supplement) and on which (unless the Settlement Currency is euro) commercial banks and foreign exchange markets are generally open to settle payments in the city or cities determined by the Issuer to be the principal financial centre(s) for the Settlement Currency, and if the Settlement Currency is euro, which is also a TARGET Business Day.
Currency Business Day means a day (other than a Saturday or Sunday) on which commercial banks and foreign exchange markets settle payments in the principal financial centre for the Settlement Currency and such other financial centre(s), if any, as specified in the relevant Supplemental Memorandum;

Examples of Currency Business Day in a sentence

  • Securityholders will not be entitled to any interest or other payment for any delay after the due date in receiving the amount due as a result of the due date for payment not being a Currency Business Day.


More Definitions of Currency Business Day

Currency Business Day means in respect of any obligations involving a payment denominated in: (i) euro, a
Currency Business Day means a day which is a Banking Day in Oslo;
Currency Business Day means a day on which the Trans-European Automated Real-Time Gross Settlement Express Transfer (TARGET) System is open;
Currency Business Day means, with respect to the Specified Currency and, if different, the Metal Currency, each Weekday on which for that currency (and, where the Specified Currency and the Metal Currency are different, for both those currencies on the same day) banks are generally scheduled to be open for business in the principal financial centre of that currency or, in the case of the euro, each Weekday that is a TARGET Settlement Day.[If FX Hedged ETC Securities, text will apply or be inserted – “Currency Convertibility Event” means, with respect to the Currency Pair on any FX Business Day, an event (including the announcement of an event) that makes it impossible or materially prevents, restricts or delays the Series Counterparty’s ability
Currency Business Day means a day which is a Banking Day in Stockholm and London;
Currency Business Day means, with respect to a Reference Currency, unless otherwise specified in the relevant Pricing Supplement, a day on which (a) the City of New York and the principal financial center for the Reference Currency as specified in the applicable Pricing Supplement are open for dealings in foreign exchange, (b) banking institutions in the City of New York and such principal financial center for the Reference Currency are not otherwise authorized or required by law, regulation or executive order to close and, (c) if specified in the applicable Pricing Supplement, the Trans-European Automated Real-time Gross Settlement Express Transfer System (“TARGET2”) is open, each as determined by the Calculation Agent.