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Transfers - CSA Provision: Difference between revisions
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{{csasnap|3(a)}} | {{csasnap|3(a)}} | ||
===Commentary=== | ===Commentary=== | ||
Relevant for transfers of {{csaprov|Delivery Amounts}} and {{csaprov|Return Amounts}}. | |||
====Timings==== | ====Timings==== | ||
The flush paragraph at the end provides (unless otherwise modified in the {{csa}}) that a demand for a {{csaprov|transfer}} of {{csaprov|Eligible Credit Support}} made at or before 1pm London time (the {{csaprov|Notification Time}}) on any day must be settled by close on the {{csaprov|Settlement | The flush paragraph at the end provides (unless otherwise modified in the {{csa}}) that a demand for a {{csaprov|transfer}} of {{csaprov|Eligible Credit Support}} made at or before 1pm London time (the {{csaprov|Notification Time}}) on any day must be settled by close on the {{csaprov|Settlement Day}}, being (i) if cash, the following {{csaprov|Local Business Day}}, or (ii) if securities, the {{csaprov|Local Business Day}} after the day on which a trade in those securities made on the demand date would customarily settle. | ||
{{csaanatomy}} | {{csaanatomy}} | ||