Template:M comp disc 2002 ISDA Local Business Day: Difference between revisions
Jump to navigation
Jump to search
Amwelladmin (talk | contribs) Created page with "Helpfully, {{csaprov|Local Business Day}} is also defined in the {{1995csa}}. Nevertheless, the {{2002ma}}’s {{isdaprov|Local Business Day}} definition is, to [[connoisseur]..." |
Amwelladmin (talk | contribs) Replaced content with "{{LBD capsule CSA}}" Tag: Replaced |
||
| Line 1: | Line 1: | ||
{{LBD capsule CSA}} | |||
Latest revision as of 16:56, 13 January 2022
The keen will have noticed that “Local Business Day” under an English law CSA is defined quite separately from “Local Business Day” as it is defined under the ISDA Master Agreement itself, whereas a Local Business Day under a New York law CSA, while separately defining the term, only goes on to defer to the original definition of LBD in the ISDA Master Agreement, pausing only to clarify that references to “payment” in the ISDA Master Agreement definiton are deemed to include Transfers under the CSA.
Why ISDA’s British crack drafting squad™ couldn’t have done this too, we can only wonder.