 Option A |
9a |
(Convention) |
Optional in mandatory sequence A
This field specifies the convention for adjusting field 30P Termination Date, if it would otherwise fall on a day that is not a valid business day.
For an ISDA Master (Type in field 77H is ISDA), this field specifies the Business Day Convention as per ISDA definitions.
Convention must contain one of the following codes (Error code(s): T36):
| FOLLOWING |
The non-business date will be adjusted to the first following day that is a business day. |
| FRN |
FRN convention. |
| MODIFIEDF |
The non-business date will be adjusted to the first following day that is a business day unless that day falls in the next calendar month, in which case that date will be the first preceding day that is a business day. |
| OTHER |
The business day convention is specified in field 77D. |
| PRECEDING |
The non-business date will be adjusted to the first preceding day that is a business day. |
To indicate that no adjustment applies to the termination date, the value 'OTHER' must be used in this field and field 77D must then contain NONE in the first line. This implies that the last payment date of each side rolls the same way as stated in the legs.
