Local Delivery Day - ISDA Provision

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2002 ISDA Master Agreement
A Jolly Contrarian owner’s manual™

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Section Local Delivery Day in a Nutshell

Use at your own risk, campers!
Local Delivery Day” means, for purposes of Sections 5(a)(i) and 5(d), a day on which settlement systems in the relevant location are generally open for business so delivery can be settled by usual market practice.

Full text of Section Local Delivery Day

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.

Related agreements and comparisons

Related Agreements
Click here for the text of Section Local Delivery Day in the 1992 ISDA
Comparisons
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Content and comparisons

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Summary

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General discussion

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See also

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References

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

Spoiler: the ISDA one is, by far, the best.