Change of Account - ISDA Provision: Difference between revisions
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{{fullanat2|isda|2(b)|2002|2(b)|1992}} | {{fullanat2|isda|2(b)|2002|2(b)|1992}} | ||
{{nuts|2002 ISDA|2(b)}} | |||
Note the new definition of {{isdaprov|Scheduled Settlement Date}} in the {{2002ma}}. | Note the new definition of {{isdaprov|Scheduled Settlement Date}} in the {{2002ma}}. |
Revision as of 09:49, 28 March 2018
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2(b) in a Nutshell™ (2002 ISDA edition)
2(b) Change of Account. Either party may change its standard settlement instructions by five Local Business Days’ notice before any Scheduled Settlement Date but the other party may make reasonable objections to such a change.
Note the new definition of Scheduled Settlement Date in the 2002 ISDA.