Template:Nutshell 2016 CSA Local Business Day: Difference between revisions

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(Created page with "“'''{{csaprov|Local Business Day}}'''” means: :(ii) '''Dematerialised securities''': for securities transfers inside a clearance system, a day on which that cleara...")
 
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:(ii) '''Dematerialised [[securities]]''': for securities transfers inside a [[clearance system]], a day on which that clearance system accepts and executes settlement instructions  
:(ii) '''Dematerialised [[securities]]''': for securities transfers inside a [[clearance system]], a day on which that clearance system accepts and executes settlement instructions  
:(i) '''[[Cash]] and other property ''': for cash 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;
:(i) '''[[Cash]] and other property ''': for cash 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) '''{{isdaprov|Resolution Time}}''': for a {{csaprov|Resolution Time}}, a day on which commercial banks are open in at least one {{csaprov|Valuation Date Location}} for {{isdaprov|Party A}} and at least one Valuation {{csaprov|Date Location}} for {{isdaprov|Party B}}; and
:(iii) '''{{csaprov|Resolution Time}}''': for a {{csaprov|Resolution Time}}, a day on which commercial banks are open in at least one {{csaprov|Valuation Date Location}} for each Party; and
:(iv) '''{{csaprov|Notice}}s''': for any communication, a day on which commercial banks are open in the place specified for the recipient in the notices section.<br>
:(iv) '''{{isdaprov|Notice}}s''': for any communication, a day on which commercial banks are open in the place specified for the recipient in the notices section.<br>

Revision as of 09:30, 26 July 2019

“Local Business Day” means:

(ii) Dematerialised securities: for securities transfers inside a clearance system, a day on which that clearance system accepts and executes settlement instructions
(i) Cash and other property : for cash 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) Resolution Time: for a Resolution Time, a day on which commercial banks are open in at least one Valuation Date Location for each Party; and
(iv) Notices: for any communication, a day on which commercial banks are open in the place specified for the recipient in the notices section.
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