From The Jolly Contrarian
Jump to navigation
Jump to search
|
|
| (19 intermediate revisions by the same user not shown) |
| Line 1: |
Line 1: |
| {{csasnap|3(a)}}
| | #redirect[[Transfers, Calculations and Exchanges - CSA Provision]] |
| ===Commentary===
| |
| ====Timings====
| |
| The flush paragraph at the end provides (unless otherwise modified in the {{csa}}) that a demand for a {{csaprov|transfer}} of {{csaprov|Eligible Credit Support}} made at or before 1pm London time (the {{csaprov|Notification Time}}) on any day must be settled by close on the {{csaprov|Settlement Date}}, being (i) if cash, the following {{csaprov|Local Business Day}}, or (ii) if securities, the {{csaprov|Local Business Day}} after the day on which a trade in those securities made on the demand date would customarily settle.
| |
| {{csaanatomy}}
| |
Latest revision as of 18:29, 5 May 2024