The business day convention used to adjust the instrument leg's provision's option relevant underlying date. Used only to override the business day convention specified in the LegDateAdjustment component within the InstrumentLeg component.
0 = Not applicable
Business day convention is not applicable.
- 1 = None (current day)
2 = Following day
The following business day.
3 = Floating rate note
The FRN business day convention.
4 = Modified following day
The modified following business day.
5 = Preceding day
The preceding business day.
6 = Modified preceding day
The modified preceding business day.
7 = Nearest day
The nearest applicable business day.