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Enron Mail |
"Following Business Day Convention" means the convention for adjusting any
relevant date if it falls on a day that is not a Business Day (when commercial banks settle payments is USD in N.Y., for our purposes) to the first following day that is a Business Day or a trading day for the relevant floating price source. I hope I have given you a simple description. Enron North America Corp. From: Davis Thames 04/10/2000 11:45 AM To: Sara Shackleton/HOU/ECT@ECT cc: pmelcher@aol.com Subject: Interest rate swap M255739 Sara, Patti Melcher, ENA's counterparty in the swap, called to ask me for a definition of the "Following Business Day Convention" referenced on page 2 of her confirmation. I had not received my copy of ISDA yet, and so could not answer the question. Would you mind forwarding back to both of us? Thanks & regards, Davis Thames x31492
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