Template:M comp disc 2002 ISDA Local Delivery Day

From The Jolly Contrarian
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There is no “Local Delivery Day” concept in the 1992 ISDA. Of its two appearances in the 2002 ISDA one — in Failure to Pay or Deliver — is ably handled by Local Business Day, and the other in deferral following a Waiting Period — doesn’t exist, being part of the Illegality/Force Majeure innovation complex from the 2002.