; or (II) after the person has received notice that the contract has been transferred pursuant to paragraph (9)(A). (ii) Conservatorship A person who is a party to a qualified financial contract with a payment stablecoin issuer may not exercise any right that such person has to terminate, liquidate, or net such contract under paragraph (8)(E) of this subsection or section 403 or 404 of the Federal Deposit Insurance Corporation Improvement Act of 1991 ( 12 U.S.C. 4403 , 4404), solely by reason of or incidental to the appointment of the Corporation as conservator for the payment stablecoin issuer (or the insolvency or financial condition of the issuer for which the Corporation has been appointed conservator). (iii) Notice For purposes of this paragraph, the Corporation as receiver or conservator of a payment stablecoin issuer shall be deemed to have notified a person who is a party to a qualified financial contract with such issuer if the Corporation has taken steps that are reasonably calculated to provide notice to such person by the time specified in subparagraph (A). (C) Business day defined For purposes of this paragraph, the term business day means any day other than any Saturday, Sunday, or any day on which either the New York Stock Exchange or the Federal Reserve Bank of New York is closed. (11) Disaffirmance or repudiation of qualified financial contracts In exercising the rights of disaffirmance or repudiation of a conservator or receiver with respect to any qualified financial contract to which a payment stablecoin issuer is a party, the Corporation as conservator or receiver for such issuer shall either— (A) disaffirm or repudiate all qualified financial contracts between— (i) any person or any affiliate of such person; and (ii) the payment stablecoin issuer in default