Template:Nutshell 2018 CSD 4(c)

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4(c) Transfer Timing. Subject to Paragraph 4(a) and 5:

(i) Secured Party: if a Secured Party demands Eligible Credit Support (IM):

by the Notification Time, then the Chargor must transfer it by the close of business on the relevant Regular Settlement Day;

after the Notification Time, then the Chargor must transfer it by the close of business on the Local Business Day following the relevant Regular Settlement Day;

(ii) Chargor: if a Chargor demands Posted Credit Support (IM):

by the Notification Time, then the Secured Party must instruct the Custodian (IM) by the instructions deadline in the Control Agreement for it to transfer Posted Credit Support (IM) by close of business on the relevant Regular Settlement Day;

after the Notification Time, then the Secured Party must instruct the Custodian (IM) by the instructions deadline in the Control Agreement for it to transfer Posted Credit Support (IM) by close of business on the Local Business Day after the relevant Regular Settlement Day.

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