Template:CSA transfer timing: Difference between revisions
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:*Tip: the fewer you specifiy, the more likelihood you will be excused from a margin call, so don’t overdo it. One should be ample. | :*Tip: the fewer you specifiy, the more likelihood you will be excused from a margin call, so don’t overdo it. One should be ample. | ||
*Any {{csaprov|Delivery Amount (VM)}} or {{csaprov|Return Amount (VM)}} must be made (Para {{csaprov|3(a)}}) by the [[close of business]] on the {{csaprov|Regular Settlement Day}} relating to the date such demand is received (if received before the {{csaprov|Notification Time}} (spoiler - usually 11 am, noon or 1pm)), or the {{csaprov|Regular Settlement Day}} relating to the day after the date such demand is received (if received after the {{csaprov|Notification Time}}). | *Any {{csaprov|Delivery Amount (VM)}} or {{csaprov|Return Amount (VM)}} must be made (Para {{csaprov|3(a)}}) by the [[close of business]] on the {{csaprov|Regular Settlement Day}} relating to the date such demand is received (if received before the {{csaprov|Notification Time}} (spoiler - usually 11 am, noon or 1pm)), or the {{csaprov|Regular Settlement Day}} relating to the day after the date such demand is received (if received after the {{csaprov|Notification Time}}). | ||
* | *A “{{csaprov|Regular Settlement Day}}” means the same {{csaprov|Local Business Day}} — careful: as defined in the {{2016csa}} — on which the demand is made | ||
*{{csaprov|Local Business Day}} (under the {{2016csa}}) means, in the case of notices, a day on which banks are open in the address for the notice most recently specified by the Recipient. | *A “{{csaprov|Local Business Day}}” (under the {{2016csa}}) means, in the case of notices, a day on which banks are open in the address for the notice most recently specified by the Recipient. | ||
*what if demand is made on a day that is not a {{csaprov|Local Business Day}}? Simple: by dint of Section {{isdaprov|12}} of the {{isdama}}, the notice will be deemed given on the next {{isdaprov|Local Business Day}} (as defined in the {{isdama}}}, not the {{2016csa}}). | *what if demand is made on a day that is not a {{csaprov|Local Business Day}}? Simple: by dint of Section {{isdaprov|12}} of the {{isdama}}, the notice will be deemed given on the next {{isdaprov|Local Business Day}} (as defined in the {{isdama}}}, not the {{2016csa}}). | ||
''Easy''.<br> | ''Easy''.<br> |