Template:ISDA New York Law Credit Support Annex 2016 4(b): Difference between revisions
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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 | {{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> | ||
Latest revision as of 10:00, 9 May 2024
4(b) Transfer Timing. Subject to Paragraphs 4(a) and 5 and unless otherwise specified in Paragraph 13, if a demand for the Transfer of Eligible Credit Support (VM) or Posted Credit Support (VM) is made by the Notification Time, then the relevant Transfer will be made not later than the close of business on the Regular Settlement Day; if a demand is made after the Notification Time, then the relevant Transfer will be made not later than the close of business on the next Local Business Day following the Regular Settlement Day.