Template:Nutshell 1995 CSA 11(c)(iii)

11(c)(iii) “Valuation Time” means:

[ ] Close of business in the Valuation Agent’s location on the Valuation Date (or calculation date);

[ ] Close of business one Local Business Day before the Valuation Date (or calculation date);

Value and Exposure must be determined as close to the same time as is practicable.