Template:Nutshell GMSLA Business Day: Difference between revisions
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Amwelladmin (talk | contribs) (Created page with "'''{{gmslaprov|Business Day}}''' means a weekday on which banks and markets are generally open: <br> :(a) '''For {{gmslaprov|Delivery}}''': where the {{gmslaprov|Securities}},...") |
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Revision as of 15:43, 1 May 2019
Business Day means a weekday on which banks and markets are generally open:
- (a) For Delivery: where the Securities, Collateral and their Equivalents are to be delivered;
- (b) For payments: in the principal financial centre for the relevant currency and where any relevant account designated in the Agreement is situated (or for euro, a day when TARGET operates);
- (c) For notices: where the notice is due to be delivered (per Schedule paragraph 3; and
- (d) Any other case: in each place stated in Schedule paragraph 6;