Template:Nutshell 2016 CSA Settlement Day: Difference between revisions
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“'''{{vmcsaprov|Settlement Day}}'''” means, for any date: | |||
:(i) for [[cash]] transfers, the next {{vmcsaprov|Local Business Day}}; and | |||
:(ii) for [[securities]] transfers, the first {{vmcsaprov|Local Business Day}} after the date in which a securities trade made on that date would customarily settle (or, failing that, on the first {{vmcsaprov|Local Business Day}} after the date on which it is reasonably practicable to deliver the securities). <br> | |||
Latest revision as of 01:21, 30 December 2019
“Settlement Day” means, for any date:
- (i) for cash transfers, the next Local Business Day; and
- (ii) for securities transfers, the first Local Business Day after the date in which a securities trade made on that date would customarily settle (or, failing that, on the first Local Business Day after the date on which it is reasonably practicable to deliver the securities).