Template:Nutshell GMSLA Business Day: Difference between revisions

From The Jolly Contrarian
Jump to navigation Jump to search
(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}},...")
(No difference)

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;