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| {{csasnap|3(a)}}
| | #redirect[[Transfers, Calculations and Exchanges - CSA Provision]] |
| ===Commentary===
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| Relevant for transfers of {{csaprov|Delivery Amounts}} and {{csaprov|Return Amounts}}.
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| ====Timings====
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| 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 Day}}, 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.
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| {{csaanatomy}}
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Latest revision as of 18:29, 5 May 2024