Template:Nutshell 1995 CSA Local Business Day: Difference between revisions

Template:Nutshell 1995 CSA Local Business Day (view source)

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-{{subst:Nutshell 2018 VM CSA Local Business Day}}
+“'''{{csaprov|Local Business Day}}'''” means:
+:(i) '''[[Dematerialised]] [[securities]]''': for securities transfers inside a [[clearance system]], a day on which that [[clearance system]] executes settlement instructions;
+:(ii) '''[[Cash]] and other property''': for cash and other transfers, a day on which commercial banks are open where the relevant account is located and in the principal financial centre for any relevant currency;
+:(iii) '''Valuations''': for valuations, a day on which commercial banks are open where the {{csaprov|Valuation Agent}} is located (or other places agreed by the Parties); and
+:(iv) '''{{isdaprov|Notice}}s''': for any communication, a day on which commercial banks are open in the place specified for the recipient in the {{isdaprov|notice}}s section.<br>