Template:ISDA English Law Credit Support Annex 1995 Settlement Day: Difference between revisions

"'''{{csaprov|Settlement Day}}'''" means, in relation to a date, (i) with respect to a transfer of cash or other property (other <br>than securities), the next {{csaprov|Local Business Day}} and (ii) with respect to a transfer of securities, the first Local <br>Business Day after such date on which settlement of a trade in the relevant securities, if effected on such <br>date, would have been settled in accordance with customary practice when settling through the clearance <br>system agreed between the parties for delivery of such securities or, otherwise, on the market in which such <br>securities are principally traded (or, in either case, if there is no such customary practice, on the first Local <br>Business Day after such date on which it is reasonably practicable to deliver such securities).