Template:Nutshell 2002 ISDA Local Delivery Day: Difference between revisions
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“'''{{isdaprov|Local Delivery Day}}'''” means, for purposes of Sections {{isdaprov|5(a)(i)}} and {{isdaprov|5(d)}}, a day on which [[settlement system|settlement systems]] in the location specified in the {{isdaprov|Confirmation}} are open for business so delivery can be settled by usual market practice. <br> | “'''{{isdaprov|Local Delivery Day}}'''” means, for purposes of Sections {{isdaprov|5(a)(i)}} and {{isdaprov|5(d)}}, a day on which [[settlement system|settlement systems]] are generally operating in the location specified in the {{isdaprov|Confirmation}} are open for business so delivery can be settled by usual market practice. <br> | ||
Latest revision as of 09:29, 27 June 2023
“Local Delivery Day” means, for purposes of Sections 5(a)(i) and 5(d), a day on which settlement systems are generally operating in the location specified in the Confirmation are open for business so delivery can be settled by usual market practice.