Define: Cut-Off Times
Cut-Off Times means the predetermined moment during a business day after which transactions are considered as received the subsequent business day
Cut-Off Times means the predetermined moment during a business day after which transactions are considered as received the subsequent business day.
Relevant Circumstances
- When transactions received after a daily deadline are processed the next business day
- If interest, settlement or delivery timing depends on the cut-off
- Where cut-off times need to be made explicit to avoid disputes