Template:CSA transfer timing: Difference between revisions

*A {{{{{1}}}prov|Transferee}} may demand a {{{{{1}}}prov|Delivery Amount}} (Para {{{{{1}}}prov|2(a)}}) or a {{{{{1}}}prov|Return Amount}} Para {{{{{1}}}prov|2(b)}}) “on or promptly following a {{{{{1}}}prov|Valuation Date}}”.

*A “{{{{{1}}}prov|Valuation Date}}” means a day on which banks are open in ''at least one'' {{{{{1}}}prov|Valuation Date Location}} for each party.  

:*Each party can specify however many {{{{{1}}}prov|Valuation Date Location}}s it likes.  

*Any {{{{{1}}}prov|Delivery Amount}} or {{{{{1}}}prov|Return Amount}} must be made (Para {{{{{1}}}prov|3(a)}}) by the [[close of business]] on the {{{{{1}}}prov|Regular Settlement Day}} relating to the date such demand is received (if received before the {{{{{1}}}prov|Notification Time}} (spoiler - usually 11 am, noon or 1pm)), or the {{{{{1}}}prov|Regular Settlement Day}} relating to the day after the date such demand is received (if received after the {{{{{1}}}prov|Notification Time}}).

*A “{{{{{1}}}prov|Regular Settlement Day}}” means the same {{{{{1}}}prov|Local Business Day}} — careful: as defined in the {{csa}}, not the {{isdama}} — on which the demand is made.

*A “{{{{{1}}}prov|Local Business Day}}” (under the {{csa}}) means, in the case of notices, a day on which banks are open in the address for the notice most recently specified by the Recipient.

*what if demand is made on a day that is not a {{{{{1}}}prov|Local Business Day}}? Simple: by dint of Section {{isdaprov|12}} of the {{isdama}}, the notice will be deemed given on the next {{isdaprov|Local Business Day}} (as defined in the {{isdama}}, not the {{csa}}).