Thanksgiving/Christmas Exception to Holiday (Day-By-Day) Application
The Thanksgiving and Christmas APD holiday periods are further restricted. If any Day to Be Dropped within these periods does not have positive coverage (A greater than R), the swap or X-day move will be denied, regardless of whether reserve coverage is even worse on a Day(s) to Be Added. Zero or negative coverage on Days to Be Dropped that fall just outside these two holiday periods are subject to the normal Holiday Application.