Local Delivery Day - ISDA Provision

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In gory detail

1992 ISDA
Template:ISDA Master Agreement 1992 Local Delivery Day
(view template)

2002 ISDA
Local Delivery Day” means, for purposes of Sections 5(a)(i) and 5(d), a day on which settlement systems necessary to accomplish the relevant delivery are generally open for business so that the delivery is capable of being accomplished in accordance with customary market practice, in the place specified in the relevant Confirmation or, if not so specified, in a location as determined in accordance with customary market practice for the relevant delivery.

(view template)

Commentary

The many gorgeous, multi-hued variations on the business day can be enjoyed as follows:

ISDA extended universe

See Also