In a Nutshell™ Section 4(b):
Template:Nutshell 2016 NY CSA 4(b)
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2016 NY VM CSA full text of Section 4(b):
4(b) Transfer Timing. Subject to Paragraphs 4(a) and 5 and unless otherwise specified in Paragraph 13, if a demand for the Transfer of Eligible Credit Support (VM) or Posted Credit Support (VM) is made by the Notification Time, then the relevant Transfer will be made not later than the close of business on the Regular Settlement Day; if a demand is made after the Notification Time, then the relevant Transfer will be made not later than the close of business on the next Local Business Day following the Regular Settlement Day.
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Related Agreements
Click here for the text of Section 4(b) in the 1994 New York law CSA
Click here for the text of Section 3(b) in the 1995 English Law CSA
Click here for the text of Section 3(b) in the 2016 English Law VM CSA
Comparisons
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1995 CSA and 2016 VM CSA: click for comparison
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