SYT » Topics » Payment Business Day

This excerpt taken from the SYT 20-F filed Feb 18, 2009.
Payment Business Day” means any day which is a day on which commercial banks and foreign exchange markets settle payments and are open for general business (including dealing in foreign exchange and foreign currency deposits) in:
 
(i)
the relevant place of presentation;
 
(ii)
London;
 
(iii)
any Additional Financial Centre specified in the relevant Final Terms; and
 
-48-

 
either (1) in relation to any sum payable in a currency other than euro, a day on which commercial banks and foreign exchange markets settle payments and are open for general business (including dealing in foreign exchange and foreign currency deposits) in the Principal Financial Centre of the relevant currency (if other than the place of presentation, London and any Additional Financial Centre or (2) in relation to any sum payable in euro, a TARGET2 Settlement Day;
 
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