Transfers - CSA Provision: Difference between revisions
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{{csasnap|3(a)}} | {{csasnap|3(a)}} | ||
===Commentary=== | ===Commentary=== | ||
Relevant for transfers of {{csaprov|Delivery Amounts}} and {{csaprov|Return Amounts}}. | |||
====Timings==== | ====Timings==== | ||
The flush paragraph at the end provides (unless otherwise modified in the {{csa}}) that a demand for a {{csaprov|transfer}} of {{csaprov|Eligible Credit Support}} made at or before 1pm London time (the {{csaprov|Notification Time}}) on any day must be settled by close on the {{csaprov|Settlement | The flush paragraph at the end provides (unless otherwise modified in the {{csa}}) that a demand for a {{csaprov|transfer}} of {{csaprov|Eligible Credit Support}} made at or before 1pm London time (the {{csaprov|Notification Time}}) on any day must be settled by close on the {{csaprov|Settlement Day}}, being (i) if cash, the following {{csaprov|Local Business Day}}, or (ii) if securities, the {{csaprov|Local Business Day}} after the day on which a trade in those securities made on the demand date would customarily settle. | ||
{{csaanatomy}} | {{csaanatomy}} | ||
Revision as of 12:14, 1 November 2012
{{ISDA English Law Credit Support Annex {{{2}}} 3(a)}}
([[Template:ISDA English Law Credit Support Annex {{{2}}} 3(a)|View Template]])
Commentary
Relevant for transfers of Delivery Amounts and Return Amounts.
Timings
The flush paragraph at the end provides (unless otherwise modified in the 1995 CSA) that a demand for a transfer of Eligible Credit Support made at or before 1pm London time (the Notification Time) on any day must be settled by close on the Settlement Day, being (i) if cash, the following Local Business Day, or (ii) if securities, the Local Business Day after the day on which a trade in those securities made on the demand date would customarily settle. Replace with {{anat|csa}}