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The keen will have noticed that {{csaprov|Local Business Day}} under an English law CSA is | The keen will have noticed that “{{csaprov|Local Business Day}}” under an English law CSA is defined quite separately from “{{isdaprov|Local Business Day}}” as it is defined under the {{isdama}} itself, whereas a {{nycsaprov|Local Business Day}} under a New York law CSA, while separately defining the term, only goes on to defer to the original definition of LBD in the {{isdama}}, pausing only to clarify that references to “payment” in the {{isdama}} definiton are [[deemed]] to include {{nycsaprov|Transfers}} under the CSA. | ||
Why ISDA’s British {{cds}} couldn’t have done this too, we can only wonder. | Why ISDA’s British {{cds}} couldn’t have done this too, we can only wonder. |