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“'''{{ | “'''{{vmcsaprov|Local Business Day}}'''” means: | ||
:(i) '''[[Dematerialised]] [[securities]]''': for securities transfers inside a [[clearance system]], a day on which that [[clearance system]] executes settlement instructions; | :(i) '''[[Dematerialised]] [[securities]]''': for securities transfers inside a [[clearance system]], a day on which that [[clearance system]] executes settlement instructions; | ||
:(ii) '''[[Cash]] and other property''': for cash and other transfers, a day on which commercial banks are open where the relevant account is located and in the principal financial centre for any relevant currency; | :(ii) '''[[Cash]] and other property''': for cash and other transfers, a day on which commercial banks are open where the relevant account is located and in the principal financial centre for any relevant currency; | ||
:(iii) '''{{ | :(iii) '''{{vmcsaprov|Resolution Time}}''': for a {{vmcsaprov|Resolution Time}}, a day on which commercial banks are open in at least one {{vmcsaprov|Valuation Date Location}} for each Party; and | ||
:(iv) '''{{isdaprov|Notice}}s''': for any communication, a day on which commercial banks are open in the place specified for the recipient in the {{isdaprov|notice}}s section.<br> | :(iv) '''{{isdaprov|Notice}}s''': for any communication, a day on which commercial banks are open in the place specified for the recipient in the {{isdaprov|notice}}s section.<br> |