Valuation Date - VM CSA Provision

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2016 VM CSA Anatomy™


In a Nutshell Section Valuation Date:

Valuation Date” means each day that is a business day in at least one Valuation Date Location for each of the parties.
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2016 VM CSA full text of Section Valuation Date:

Valuation Date” means, unless otherwise specified in Paragraph 11, each day from, and including, the date of this Annex, that is a day on which commercial banks are open for business (including dealings in foreign exchange and foreign currency deposits) in at least one Valuation Date Location for Party A and at least one Valuation Date Location for Party B.
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Related Agreements
Click here for the text of Section Valuation Date in the 1995 English Law CSA
Click here for the text of Section Valuation Date in the 2016 English Law VM CSA
Click [[{{{3}}} - NY VM CSA Provision|here]] for the text of the equivalent, Section [[{{{3}}} - NY VM CSA Provision|{{{3}}}]] in the 2016 NY Law VM CSA
Comparisons
1995 CSA and 2016 VM CSA: click for comparison
{{nycsadiff {{{3}}}}}

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Each day on which you can expect to exchange margin under a [{vmcsa}}, which is every day on which you’re both in the office. Will the parties specify something else in Paragraph 11? No. Why would they?