Template:ISDA English Law Credit Support Annex 1995 11(c)(iii)

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11(c)(iii)Valuation Time” means:
[ ] the close of business in the place of location of the Valuation Agent on the Valuation Date or date of calculation, as applicable;
[ ] the close of business on the Local Business Day immediately preceding the Valuation Date or date of calculation, as applicable;
provided that the calculations of Value and Exposure will, as far as practicable, be made as of approximately the same time on the same date.