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Slot: sixtyBusinessDaySettlementCap

If this element is specified and set to 'true', for a transaction documented under the 2003 ISDA Credit Derivatives Definitions, has the effect of incorporating the language set forth below into the confirmation. The section references are to the 2003 ISDA Credit Derivatives Definitions. Notwithstanding Section 1.7 or any provisions of Sections 9.9 or 9.10 to the contrary, but without prejudice to Section 9.3 and (where applicable) Sections 9.4, 9.5 and 9.6, if the Termination Date has not occurred on or prior to the date that is 60 Business Days following the Physical Settlement Date, such 60th Business Day shall be deemed to be the Termination Date with respect to this Transaction except in relation to any portion of the Transaction (an 'Affected Portion') in respect of which: (1) a valid notice of Buy-in Price has been delivered that is effective fewer than three Business Days prior to such 60th Business Day, in which case the Termination Date for that Affected Portion shall be the third Business Day following the date on which such notice is effective; or (2) Buyer has purchased but not Delivered Deliverable Obligations validly specified by Seller pursuant to Section 9.10(b), in which case the Termination Date for that Affected Portion shall be the tenth Business Day following the date on which Seller validly specified such Deliverable Obligations to Buyer.

URI: common_domain_model:sixtyBusinessDaySettlementCap

Applicable Classes

Name Description Modifies Slot
PhysicalSettlementTerms Specifies Physical Settlement Terms characteristics for the settlement of a C... no

Properties

Type and Range

Property Value
Range Boolean
Domain Of PhysicalSettlementTerms

Cardinality and Requirements

Property Value

Identifier and Mapping Information

Schema Source

Mappings

Mapping Type Mapped Value
self common_domain_model:sixtyBusinessDaySettlementCap
native common_domain_model:sixtyBusinessDaySettlementCap

LinkML Source

name: sixtyBusinessDaySettlementCap
description: 'If this element is specified and set to ''true'', for a transaction
  documented under the 2003 ISDA Credit Derivatives Definitions, has the effect of
  incorporating the language set forth below into the confirmation. The section references
  are to the 2003 ISDA Credit Derivatives Definitions. Notwithstanding Section 1.7
  or any provisions of Sections 9.9 or 9.10 to the contrary, but without prejudice
  to Section 9.3 and (where applicable) Sections 9.4, 9.5 and 9.6, if the Termination
  Date has not occurred on or prior to the date that is 60 Business Days following
  the Physical Settlement Date, such 60th Business Day shall be deemed to be the Termination
  Date with respect to this Transaction except in relation to any portion of the Transaction
  (an ''Affected Portion'') in respect of which: (1) a valid notice of Buy-in Price
  has been delivered that is effective fewer than three Business Days prior to such
  60th Business Day, in which case the Termination Date for that Affected Portion
  shall be the third Business Day following the date on which such notice is effective;
  or (2) Buyer has purchased but not Delivered Deliverable Obligations validly specified
  by Seller pursuant to Section 9.10(b), in which case the Termination Date for that
  Affected Portion shall be the tenth Business Day following the date on which Seller
  validly specified such Deliverable Obligations to Buyer.'
from_schema: https://w3id.org/lmodel/common-domain-model
rank: 1000
domain_of:
- PhysicalSettlementTerms
range: boolean