Business Day

This Issue in United States

Bad (non Working) Business Day

Concept of Bad (non Working) Business Day in the context of derivatives contract, by the International Swaps and Derivatives Association (ISDA): A day on which it is not possible to make payments, or days on which banks are not open for business. Bad business days depend upon the currency of the particular transaction and the location of the counterparties to the transaction. Exchanges are normally closed on bad business days.

Resources

See Also

• Derivatives Contract

Exchange Business Day

Concept of Exchange Business Day in the context of derivatives contract, by the International Swaps and Derivatives Association (ISDA): Any scheduled trading day on which each exchange and related exchange in respect of a trade are open for trading for their respective trading sessions.

Resources

See Also

• Derivatives Contract

Business Day Convention

Concept of Business Day Convention in the context of derivatives contract, by the International Swaps and Derivatives Association (ISDA): The convention for adjusting any relevant dates which fall on a bad business day.

Resources

See Also

• Derivatives Contract