CALENDAR
Following Business Day
Moves a date falling on a non-business day to the next business day.
Market use
Used in payment and settlement scheduling.
What it means
Moves a date falling on a non-business day to the next business day.
Example
A Sunday payment date rolls to the next eligible business day.
How to interpret it
This concept should be read together with its market convention, measurement horizon and underlying instrument. BondStats presents it as an analytical reference rather than investment advice; instrument documentation and primary market rules remain authoritative.
Related Conventions
BondStats reference content is independently written. Mathematical relationships, abbreviations and market conventions are presented for educational and analytical use.