17 CFR 50.1

§ 50.1 Definitions.

United States · 17 CFR — Commodity and Securities Exchanges · Status: effective

Cite this

Citation: 17 CFR 50.1, § 50.1 Definitions, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/67424
Permanent ID: ys:prov:67424@1
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Full text

For the purposes of this part, Business day means any day other than a Saturday, Sunday, or legal holiday. Day of execution means the calendar day of the party to the swap that ends latest, provided that if a swap is: (1) Entered into after 4:00 p.m. in the location of a party; or (2) Entered into on a day that is not a business day in the location of a party, then such swap shall be deemed to have been entered into by that party on the immediately succeeding business day of that party, and the day of execution shall be determined with reference to such business day.

Legislative history

This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.