Template:CSA transfer timing: Difference between revisions
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*A “{{csaprov|Valuation Date}}” means a day on which banks are open in ''at least one'' {{csaprov|Valuation Date Location}} for each party. | *A “{{csaprov|Valuation Date}}” means a day on which banks are open in ''at least one'' {{csaprov|Valuation Date Location}} for each party. | ||
:*Each party can specify however many {{csaprov|Valuation Date Location}}s it likes. | :*Each party can specify however many {{csaprov|Valuation Date Location}}s it likes. | ||
:*Tip: the ''fewer'' you specifiy, the greater the chance none will be open on a given day, and you will be excused from a margin call, so don’t overdo it. One should be ample. | :*Tip: the ''fewer'' you specifiy, the greater the chance ''none'' will be open on a given day, and 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 {{csa}}, not the {{isdama}} — on which the demand is made. | *A “{{csaprov|Regular Settlement Day}}” means the same {{csaprov|Local Business Day}} — careful: as defined in the {{csa}}, not the {{isdama}} — on which the demand is made. |