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

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

11 bytes removed , 13 January 2022

no edit summary

82,891

edits

@@ Line 1: / Line 1: @@
-“'''{{vmcsaprov|Local Business Day}}'''” means:
+“'''{{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) '''{{vmcsaprov|Resolution Time}}''': for a {{vmcsaprov|Resolution Time}}, a day on which commercial banks are open in at least one {{vmcsaprov|Valuation Date Location}} for each Party; and
+:(iii) '''{{csaprov|Valuation}}''': 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>