Template:ISDA Master Agreement 2002 Local Delivery Day: Difference between revisions
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“'''{{isdaprov|Local Delivery Day}}'''” means, for purposes of Sections {{isdaprov|5(a)(i)}} and {{isdaprov|5(d)}}, a day on which settlement systems necessary to | “'''{{isdaprov|Local Delivery Day}}'''” means, for purposes of Sections {{isdaprov|5(a)(i)}} and {{isdaprov|5(d)}}, a day on which settlement systems necessary to accomplish the relevant delivery are generally open for business so that the delivery is capable of being accomplished in accordance with customary market practice, in the place specified in the relevant {{isdaprov|Confirmation}} or, if not so specified, in a location as determined in accordance with customary market practice for the relevant delivery. <br> | ||
Latest revision as of 11:38, 10 August 2018
“Local Delivery Day” means, for purposes of Sections 5(a)(i) and 5(d), a day on which settlement systems necessary to accomplish the relevant delivery are generally open for business so that the delivery is capable of being accomplished in accordance with customary market practice, in the place specified in the relevant Confirmation or, if not so specified, in a location as determined in accordance with customary market practice for the relevant delivery.