Following Business Day Convention definition

Following Business Day Convention means that the relevant date shall be postponed to the first following day that is a Business Day;
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Following Business Day Convention means that if, with respect to a Payment Date, the respective Payment Date is not a Banking Day, the Security Holders shall not be entitled to payment until the next following Banking Day.
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Following Business Day Convention means that, if any Payment Date (or other relevant date) would otherwise fall on a day which is not a Business Day, it will be postponed to the following Business Day.
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Examples of Following Business Day Convention in a sentence

  • For the purpose of payment, an Interest Payment Date that falls on a day that is not a Business Day will be adjusted subject to the Following Business Day Convention.

  • Interest Payment Dates: Each date specified in Column A of Annex 1 hereto, subject in each case to adjustment in accordance with the Modified Following Business Day Convention for which purpose the Relevant Business Days is TARGET Settlement Days without adjustment of interest payable.

  • Trade Date:28 May 2015.Effective Date:21 February 2015, subject to adjustment in accordance with the Modified Following Business Day Convention.Termination Date:21 February 2063, subject to adjustment in accordance with the Modified Following Business Day Convention.

  • Business Day Convention: [Floating Rate Convention/Following BusinessDay Convention (Adjusted)/Following Business Day Convention (Unadjusted)/Modified Following Business Day Convention (Adjusted)/Modified Following Business Day Convention (Unadjusted)/Preceding Business Day Convention (Adjusted)/ Preceding Business Day Convention (Unadjusted)/other ( give details)] (NB: For the Business Day Convention to apply to the interest accrual periods specify “(Adjusted)” after the elected Business Day Convention.

  • If no convention is specified in the relevant Pricing Supplement, the Following Business Day Convention applies.


More Definitions of Following Business Day Convention

Following Business Day Convention means that, if any date subject to such convention would otherwise fall on a day which is not a Business Day, such date subject to such convention shall be postponed to the next day which is a Business Day; or
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Following Business Day Convention means that the date is adjusted to the first following day that is a Business Day;
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Following Business Day Convention means, for any interest payment date, other than the maturity, if such date would otherwise fall on a day that is not a business day, then such date will be postponed to the next day that is a business day.
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Following Business Day Convention has the meaning specified in Condition 5.09 (Definitions);
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Following Business Day Convention means a contractual provision or provision of applicable Laws pursuant to which a scheduled date for payment or performance of an obligation, which date is not a Business Day, is extended to the first following day that is a Business Day.
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Following Business Day Convention means that, if any Interest Payment Date would otherwise fall on a day which is not a Business Day, such Interest Payment Date shall be postponed to the next day which is a Business Day; or
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Following Business Day Convention has the meaning specified in the applicable Final Terms;
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