Resolution Time - CSA Provision

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CSA Anatomy™


Resolution Time” has the meaning specified in Paragraph 11(e)(i)[1].

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Resolution Time” has the meaning specified in Paragraph 11(f)(i).

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11(e)(i)Resolution Time” means 1:00 p.m., London time, on the Local Business Day following the date on which the notice is given that gives rise to a dispute under Paragraph 4, unless otherwise specified here: ...

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11(f)(i)Resolution Time” means 1:00 p.m., London time, on the Local Business Day following the date on which the notice is given that gives rise to a dispute under Paragraph 4, unless otherwise specified here: ...

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Resolution Time relates to Dispute Resolution under a Paragraph 4(a)(4) of the ISDA CSA. It keys off the Local Business Day.

References

  1. Note there is a typo in the ISDA CSA preprint, which refers to Paragraph 11(c)(i).