Local Delivery Day - ISDA Provision

2002 ISDA Master Agreement A Jolly Contrarian owner’s manual™ Resources and navigation Resources Wikitext | Nutshell wikitext | 1992 ISDA wikitext | 2002 vs 1992 Showdown | 2006 ISDA Definitions | 2008 ISDA | JC’s ISDA code project Navigation Preamble | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 Events of Default: 5(a)(i) Failure to Pay or Deliver • 5(a)(ii) Breach of Agreement • 5(a)(iii) Credit Support Default • 5(a)(iv) Misrepresentation • 5(a)(v) Default Under Specified Transaction • 5(a)(vi) Cross Default • 5(a)(vii) Bankruptcy • 5(a)(viii) Merger without Assumption • Termination Events: 5(b)(i) Illegality • 5(b)(ii) Force Majeure Event • 5(b)(iii) Tax Event • 5(b)(iv) Tax Event Upon Merger • 5(b)(v) Credit Event Upon Merger • 5(b)(vi) Additional Termination Event Index: Click ᐅ to expand: ► 2002 ISDA ► 1992 ISDA 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. view template 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. view template Related agreements and comparisons Related Agreements Click here for the text of Section Local Delivery Day in the 1992 ISDA Comparisons Template:Isdadiff Local Delivery Day Comments? Questions? Suggestions? Requests? Insults? We’d love to 📧 hear from you. Sign up for our newsletter.

Content and comparisons

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Summary

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General discussion

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References

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

• Business day - a general, cynical review;
• Business Day - GMSLA Provision
• Banking Day - GTMA Provision
• Local Business Day - ISDA Provision
• Local Business Day - CSA Provision
• Local Business Day - VM CSA Provision
• Local Business Day - IM CSD Provision
• Local Delivery Day - ISDA Provision

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