The business day convention used to adjust the payment stream's payment date. Used only to override the business day convention specified in the DateAdjustment component within the Instrument component.
| Code | Meaning |
|---|---|
| 0 | Not applicable |
| 1 | None (current day) |
| 2 | Following day |
| 3 | Floating rate note |
| 4 | Modified following day |
| 5 | Preceding day |
| 6 | Modified preceding day |
| 7 | Nearest day |