Transfer Timing - NY VM CSA Provision

2016 ISDA Credit Support Annex (VM) (New York law)
A Jolly Contrarian owner’s manual™

Resources and navigation

Resources Wikitext \| Nutshell wikitext Navigation 1 (Interpretation) \| 2 (Security Interest) \| 3 (Credit Support Obligations) \| 4 ( Conditions Precedent, Transfer Timing, Calculations and Substitutions) \| 5 (Dispute Resolution) \| 6 (Holding and Using Posted Collateral (VM)) \| 7 (Events of Default) \| 8 (Certain Rights and Remedies) \| 9 (Representations) \| 10 (Expenses) \| 11 (Miscellaneous) \| 12 (Definitions) \| 13 (Elections and Variables) Index: Click ᐅ to expand: 2016 NY VM CSA

Paragraph 4(b) in a Nutshell™

Use at your own risk, campers!

Template:Nutshell 2016 NY CSA 4(b) view template

Full text of Paragraph 4(b)

4(b) Transfer Timing. Subject to Paragraphs 4(a) and 5 and unless otherwise specified in Paragraph 13, if a demand for the Transfer of Eligible Credit Support (VM) or Posted Credit Support (VM) is made by the Paragraph Notification Time, then the relevant Transfer will be made not later than the close of business on the Regular Settlement Day; if a demand is made after the Paragraph Notification Time, then the relevant Transfer will be made not later than the close of business on the next Local Business Day following the Regular Settlement Day. view template

Related agreements and comparisons

Related Agreements Click here* for the text of Section 4(b) in the 1994 New York law CSA* Click here* for the text of Section 3(b) in the 1995 English Law CSA* Click here* for the text of Section 3(b) in the 2016 English Law VM CSA* Comparisons Template:2nycsadiff 4(b) Template:Nycsadiff 4(b) 1995 CSA and 2016 VM CSA: click for comparison