The effective date for the financial component is determined using a combination of the cover period type and the delivery pattern. For each of the supported cover period types, the effective date is calculated as follows:
The effective date is the start date of the first delivery period covered by the financial component. Therefore, for the three financial components defined above for nominee Linda, the effective dates would be Monday 4th July, Monday 11th July and Monday 25th July respectively. It is worth noting that the effective date for the first financial component is not within the cover period for that component.
The effective date is the start date of the delivery period following the first delivery period covered by the financial component. Therefore, for the three financial components defined above for nominee Linda, the effective dates would be Monday 11th July, Monday 18th July and Monday 1st August respectively.
The effective date is the start date of the financial component. Therefore, for the three financial components defined above for nominee Linda, the effective dates would be Wednesday 6th July, Monday 11th July and Monday 25th July respectively.
The effective date is the start date of the financial component. Therefore, for the three financial components defined above for nominee Linda, the effective dates would be Wednesday 6th July, Monday 11th July and Monday 25th July respectively.
The effective date is N days prior to the start date of the first delivery period covered by the financial component. For example, if N equals 2, then for the three financial components defined above for nominee Linda, the effective dates would be Saturday 2nd July, Saturday 9th July and Saturday 23rd July respectively.
The effective date is N days prior to the start date of the delivery period following the first delivery period covered by the financial component. For example, if N equals 2, then for the three financial components defined above for nominee Linda, the effective dates would be Saturday 9th July, Saturday 16th July and Saturday 30th July respectively.
The effective date is the Nth day of the month prior to the start date of the financial component cover period. For example, if N equals 2, then for each of the three financial components defined above for nominee Linda the effective date would be Friday 3rd June.