If the last day of grace is a bank holiday (other than Christmas day or Good Friday), or when the last day of grace is a Sunday, and the second day of grace is a bank holiday, the bill is due and payable on the succeeding business day.
This process takes about one business day to complete.
In the United Kingdom, by the Bills of Exchange Act 1882, three days are allowed as days of grace, but when the last day of grace falls on Sunday, Christmas day, Good Friday or a day appointed by royal proclamation as a public fast or thanksgiving day, the bill is due and payable on the preceding business day.
Alerts are sent every business day when changes occur.
Target uses the Money Rates section in the Wall Street Journal published on the last business day of the month to determine the prime interest rate.
