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Template:ISDA English Law Credit Support Annex 1995 3(a): Difference between revisions
Template:ISDA English Law Credit Support Annex 1995 3(a) (view source)
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:{{csaprov|3(a)(ii)}} in the case of certificated securities which cannot or which the parties have agreed will not be delivered by book-entry, by delivery in appropriate physical form to the recipient or its account accompanied by any duly executed instruments of transfer, transfer tax stamps and any other documents necessary to constitute a legally valid [[Title transfer|transfer of the transferring party's legal and beneficial title]] to the recipient; and | :{{csaprov|3(a)(ii)}} in the case of certificated securities which cannot or which the parties have agreed will not be delivered by book-entry, by delivery in appropriate physical form to the recipient or its account accompanied by any duly executed instruments of transfer, transfer tax stamps and any other documents necessary to constitute a legally valid [[Title transfer|transfer of the transferring party's legal and beneficial title]] to the recipient; and | ||
:{{csaprov|3(a)(iii)}} in the case of [[securities]] which the parties have agreed will be delivered by book-entry, by the giving of written instructions (including, [[for the avoidance of doubt]], instructions given by telex, facsimile transmission or [[electronic messaging system]]) to the relevant depository institution or other entity specified by the recipient, together with a written copy of the instructions to the recipient, sufficient, if complied with, to result in a legally effective transfer of the transferring party's [[legal and beneficial title]] to the recipient. | :{{csaprov|3(a)(iii)}} in the case of [[securities]] which the parties have agreed will be delivered by book-entry, by the giving of written instructions (including, [[for the avoidance of doubt]], instructions given by telex, facsimile transmission or [[electronic messaging system]]) to the relevant depository institution or other entity specified by the recipient, together with a written copy of the instructions to the recipient, sufficient, if complied with, to result in a legally effective transfer of the transferring party's [[legal and beneficial title]] to the recipient. | ||
Subject to Paragraph {{csaprov|4}} and unless otherwise specified, if a demand for the transfer of {{prov2|csa|Eligible Credit Support|Eligible Credit}} {{prov2|csa|Eligible Credit Support|Support}} or {{csaprov|Equivalent Credit Support}} is received by the {{csaprov|Notification Time}}, then the relevant transfer will be made not later than the close of business on the {{csaprov|Settlement Day}} relating to the date such demand is received; if a demand is received after the {{csaprov|Notification Time}}, then the relevant transfer will be made not later than the close of business on the {{csaprov|Settlement Day}} relating to the day after the date such demand is received. | Subject to Paragraph {{csaprov|4}} and unless otherwise specified, if a demand for the transfer of {{prov2|csa|Eligible Credit Support|Eligible Credit}} {{prov2|csa|Eligible Credit Support|Support}} or {{csaprov|Equivalent Credit Support}} is received by the {{csaprov|Notification Time}}, then the relevant transfer will be made not later than the close of business on the {{csaprov|Settlement Day}} relating to the date such demand is received; if a demand is received after the {{csaprov|Notification Time}}, then the relevant transfer will be made not later than the close of business on the {{csaprov|Settlement Day}} relating to the day after the date such demand is received. <br> | ||