Template:ISDA New York Law Credit Support Annex 2016 4(b): Difference between revisions

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(Created page with "{{nyvmcsaprov|4(b)}} '''{{nyvmcsaprov|Transfer Timing}}'''. Subject to Paragraphs 4(a) and 5 and unless otherwise specified in Paragraph {{nyvmcsaprov|13}}, if a demand for th...")
 
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{{nyvmcsaprov|4(b)}} '''{{nyvmcsaprov|Transfer Timing}}'''. Subject to Paragraphs 4(a) and 5 and unless otherwise specified in Paragraph {{nyvmcsaprov|13}}, if a demand for the {{nyvmcsaprov|Transfer}} of {{nyvmcsaprov|Eligible Credit Support (VM)}} or {{nyvmcsaprov|Posted Credit Support (VM)}} is made by the Paragraph {{nyvmcsaprov|Notification Time}}, then the relevant {{nyvmcsaprov|Transfer}} will be made not later than the close of business on the {{nyvmcsaprov|Regular Settlement Day}}; if a demand is made after the Paragraph {{nyvmcsaprov|Notification Time}}, then the relevant {{nyvmcsaprov|Transfer}} will be made not later than the close of business on the next {{nyvmcsaprov|Local Business Day}} following the {{nyvmcsaprov|Regular Settlement Day}}.<br>
{{nyvmcsaprov|4(b)}} '''{{nyvmcsaprov|Transfer Timing}}'''. Subject to Paragraphs 4(a) and 5 and unless otherwise specified in Paragraph {{nyvmcsaprov|13}}, if a demand for the {{nyvmcsaprov|Transfer}} of {{nyvmcsaprov|Eligible Credit Support (VM)}} or {{nyvmcsaprov|Posted Credit Support (VM)}} is made by the {{nyvmcsaprov|Notification Time}}, then the relevant {{nyvmcsaprov|Transfer}} will be made not later than the close of business on the {{nyvmcsaprov|Regular Settlement Day}}; if a demand is made after the {{nyvmcsaprov|Notification Time}}, then the relevant {{nyvmcsaprov|Transfer}} will be made not later than the close of business on the next {{nyvmcsaprov|Local Business Day}} following the {{nyvmcsaprov|Regular Settlement Day}}.<br>