Template:Nutshell 2016 NY CSA Local Business Day: Difference between revisions
Jump to navigation
Jump to search
Amwelladmin (talk | contribs) (Created page with "“'''{{nyvmcsaprov|Local Business Day}}'''” means: :(i) '''Dematerialised securities''': for transfers of dematerialised securities, a day on which the relevant c...") |
(No difference)
|
Latest revision as of 18:02, 9 January 2020
“Local Business Day” means:
- (i) Dematerialised securities: for transfers of dematerialised securities, a day on which the relevant clearance system settles transactions;
- (ii) Cash and other property: for cash and other transfers, a day on which commercial banks are open where the relevant account is located and in the principal financial centre for any relevant currency;
- (iii) Resolution Time: for a Resolution Time, a day on which commercial banks are open in at least one Valuation Date Location for each Party; and
- (iv) Notices: for any communication, a day on which commercial banks are open in the place specified for the recipient in the notices secti