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Transfers - CSA Provision: Difference between revisions
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{{csasnap|3(a)}} | {{csasnap|3(a)}} | ||
===Commentary=== | |||
====Timings==== | |||
The flush paragraph at the end provides (unless otherwise modified in the {{csa}}) that a demand for a Transfer of Eligible Credit Support made at or before 1pm London time (the {{csaprov|Notification Time}}) on any day must be settled by close on the Settlement Date, being (i) if cash, the following Local business Day, or (ii) if securities, the {{csaprov|Local Business Day}} after the day on which a trade in those securities made on the demand date would customarily settle. | |||
{{csaanatomy}} | {{csaanatomy}} | ||