83,229
edits
Template:ISDA English Law Credit Support Annex 1995 3(a): Difference between revisions
Jump to navigation
Jump to search
Template:ISDA English Law Credit Support Annex 1995 3(a) (view source)
Revision as of 11:00, 26 October 2012
, 26 October 2012no edit summary
Amwelladmin (talk | contribs) No edit summary |
Amwelladmin (talk | contribs) No edit summary |
||
| Line 3: | Line 3: | ||
:(ii) in the case of certificated securities which cannot or which the parties have agreed will not <br>be delivered by book-entry, by delivery in appropriate physical form to the recipient or its account <br>accompanied by any duly executed instruments of transfer, transfer tax stamps and any other <br>documents necessary to constitute a legally valid transfer of the transferring party's legal and <br>beneficial title to the recipient; and<br> | :(ii) in the case of certificated securities which cannot or which the parties have agreed will not <br>be delivered by book-entry, by delivery in appropriate physical form to the recipient or its account <br>accompanied by any duly executed instruments of transfer, transfer tax stamps and any other <br>documents necessary to constitute a legally valid transfer of the transferring party's legal and <br>beneficial title to the recipient; and<br> | ||
:(iii) in the case of securities which the parties have agreed will be delivered by book-entry, by <br>the giving of written instructions (including, for the avoidance of doubt, instructions given by telex, <br>facsimile transmission or electronic messaging system) to the relevant depository institution or <br>other entity specified by the recipient, together with a written copy of the instructions to the <br>recipient, sufficient, if complied with, to result in a legally effective transfer of the transferring <br>party's legal and beneficial title to the recipient. <br> | :(iii) in the case of securities which the parties have agreed will be delivered by book-entry, by <br>the giving of written instructions (including, for the avoidance of doubt, instructions given by telex, <br>facsimile transmission or electronic messaging system) to the relevant depository institution or <br>other entity specified by the recipient, together with a written copy of the instructions to the <br>recipient, sufficient, if complied with, to result in a legally effective transfer of the transferring <br>party's legal and beneficial title to the recipient. <br> | ||
Subject to Paragraph {{csaprov|4}} and unless otherwise specified, if a demand for the transfer of Eligible Credit <br>Support or | Subject to Paragraph {{csaprov|4}} and unless otherwise specified, if a demand for the transfer of Eligible Credit <br>Support or {{csaprov|Equivalent Credit Support}} is received by the {{csaprov|Notification Time}}, then the relevant transfer will <br>be made not later than the close of business on the {{csaprov|Settlement Day}} relating to the date such demand is <br>received; if a demand is received after the {{csaprov|Notification Time}}, then the relevant transfer will be made not <br>later than the close of business on the {{csaprov|Settlement Day}} relating to the day after the date such demand is <br>received. <br> | ||