Template:LBD capsule CSA: Difference between revisions
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Amwelladmin (talk | contribs) Created page with "The keen will have noticed that {{csaprov|Local Business Day}} under an English law CSA is different from {{isdaprov|Local Business Day}} under the {{isdama}} itself, whereas..." |
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The keen will have noticed that {{csaprov|Local Business Day}} under an English law CSA is different from {{isdaprov|Local Business Day}} under the {{isdama}} itself, whereas a {{nycsaprov|Local Business Day}} under a New York law CSA separately defines the term, but only to defer to the original definition in the {{isdama}}, pausing only to clarify that references to “payment” in the {{isdama}} definiton are [[deemed]] to include {{nycsaprov|Transfers}} under the CSA. | The keen will have noticed that {{csaprov|Local Business Day}} under an English law CSA is different from {{isdaprov|Local Business Day}} under the {{isdama}} itself, whereas a {{nycsaprov|Local Business Day}} under a New York law CSA separately defines the term, but only to defer to the original definition in the {{isdama}}, pausing only to clarify that references to “payment” in the {{isdama}} definiton are [[deemed]] to include {{nycsaprov|Transfers}} under the CSA. | ||
Why ISDA’s British | Why ISDA’s British {{cds}} couldn’t have done this too, we can only wonder. | ||
Revision as of 16:51, 13 January 2022
The keen will have noticed that Local Business Day under an English law CSA is different from Local Business Day under the ISDA Master Agreement itself, whereas a Local Business Day under a New York law CSA separately defines the term, but only to defer to the original definition in the ISDA Master Agreement, pausing only to clarify that references to “payment” in the ISDA Master Agreement definiton are deemed to include Transfers under the CSA.
Why ISDA’s British crack drafting squad™ couldn’t have done this too, we can only wonder.