Template:ISDA Master Agreement 1992 Local Business Day: Difference between revisions
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Amwelladmin (talk | contribs) Created page with "“'''{{isdaprov|Local Business Day}}'''” means, subject to the {{isdaprov|Schedule}}, a day on which commercial banks are open for <br>business (including dealings in forei..." |
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“'''{{isdaprov|Local Business Day}}'''” means, subject to the {{isdaprov|Schedule}}, a day on which commercial banks are open for | “'''{{isdaprov|Local Business Day}}'''” means, subject to the {{isdaprov|Schedule}}, a day on which commercial banks are open for business (including dealings in foreign exchange and foreign currency deposits): | ||
relation to any notice or other communication, including notice contemplated under Section {{isdaprov|5(a)(i)}}, in the | :(a) in relation to any obligation under Section {{isdaprov|2(a)(i)}}, in the place(s) specified in the relevant {{isdaprov|Confirmation}} or, if not so specified, as otherwise agreed by the parties in writing or determined pursuant to provisions contained, or incorporated by reference, in this {{isdaprov|Agreement}}, | ||
city specified in the address for notice provided by the recipient and, in the case of a notice contemplated | :(b) in relation to any other payment, in the place where the relevant account is located and, if different, in the principal financial centre, if any, of the currency of such payment, | ||
by Section {{isdaprov|2(b)}}, in the place where the relevant new account is to be located and (d) in relation to | :(c) in relation to any notice or other communication, including notice contemplated under Section {{isdaprov|5(a)(i)}}, in the city specified in the address for notice provided by the recipient and, in the case of a notice contemplated by Section {{isdaprov|2(b)}}, in the place where the relevant new account is to be located and | ||
Section {{isdaprov|5(a)(v)(2)}}, in the relevant locations for performance with respect to such {{isdaprov|Specified Transaction}}. <br> | :(d) in relation to Section {{isdaprov|5(a)(v)(2)}}, in the relevant locations for performance with respect to such {{isdaprov|Specified Transaction}}. <br> | ||
Revision as of 13:51, 4 June 2019
“Local Business Day” means, subject to the Schedule, a day on which commercial banks are open for business (including dealings in foreign exchange and foreign currency deposits):
- (a) in relation to any obligation under Section 2(a)(i), in the place(s) specified in the relevant Confirmation or, if not so specified, as otherwise agreed by the parties in writing or determined pursuant to provisions contained, or incorporated by reference, in this Agreement,
- (b) in relation to any other payment, in the place where the relevant account is located and, if different, in the principal financial centre, if any, of the currency of such payment,
- (c) in relation to any notice or other communication, including notice contemplated under Section 5(a)(i), in the city specified in the address for notice provided by the recipient and, in the case of a notice contemplated by Section 2(b), in the place where the relevant new account is to be located and
- (d) in relation to Section 5(a)(v)(2), in the relevant locations for performance with respect to such Specified Transaction.