Template:Nutshell GMSLA Business Day: Difference between revisions
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Amwelladmin (talk | contribs) Created page with "'''{{gmslaprov|Business Day}}''' means a weekday on which banks and markets are generally open: <br> :(a) '''For {{gmslaprov|Delivery}}''': where the {{gmslaprov|Securities}},..." |
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:(a) '''For {{gmslaprov|Delivery}}''': where the {{gmslaprov|Securities}}, {{gmslaprov|Collateral}} and their {{gmslaprov|Equivalent}}s are to be delivered; <br> | :(a) '''For {{gmslaprov|Delivery}}''': where the {{gmslaprov|Securities}}, {{gmslaprov|Collateral}} and their {{gmslaprov|Equivalent}}s are to be delivered; <br> | ||
:(b) '''For payments''': in the principal financial centre for the relevant currency and where any relevant account designated in the {{gmslaprov|Agreement}} is situated (or for [[euro]], a day when [[TARGET]] operates); <br> | :(b) '''For payments''': in the principal financial centre for the relevant currency and where any relevant account designated in the {{gmslaprov|Agreement}} is situated (or for [[euro]], a day when [[TARGET]] operates); <br> | ||
:(c) '''For {{gmslaprov|notices}}''': where the notice is due to be delivered (per {{gmslaprov|Schedule}} paragraph 3; and <br> | :(c) '''For {{gmslaprov|notices}}''': where the notice is due to be delivered (per {{gmslaprov|Schedule}} paragraph 3); and <br> | ||
:(d) '''Any other case''': in each place stated in {{gmslaprov|Schedule}} paragraph 6; <br> | :(d) '''Any other case''': in each place stated in {{gmslaprov|Schedule}} paragraph 6; <br> | ||
Latest revision as of 15:44, 1 May 2019
Business Day means a weekday on which banks and markets are generally open:
- (a) For Delivery: where the Securities, Collateral and their Equivalents are to be delivered;
- (b) For payments: in the principal financial centre for the relevant currency and where any relevant account designated in the Agreement is situated (or for euro, a day when TARGET operates);
- (c) For notices: where the notice is due to be delivered (per Schedule paragraph 3); and
- (d) Any other case: in each place stated in Schedule paragraph 6;