; or (II) 5:00 p.m. (eastern time) on the business day following the date of the appointment of the Corporation as receiver. (iii) Walkaway clause defined For purposes of this subparagraph, the term walkaway clause means any provision in a qualified financial contract that suspends, conditions, or extinguishes a payment obligation of a party, in whole or in part, or does not create a payment obligation of a party that would otherwise exist, solely because of such party’s status as a nondefaulting party in connection with the insolvency of a payment stablecoin issuer that is a party to the contract or the appointment of or the exercise of rights or powers by the Corporation as conservator or receiver of such issuer, and not as a result of a party’s exercise of any right to offset, setoff, or net obligations that exist under the contract, any other contract between those parties, or applicable law. (H) Recordkeeping requirements The Corporation, in consultation with the Board, Comptroller and State bank supervisors, may prescribe regulations requiring more detailed recordkeeping by a payment stablecoin issuer with respect to qualified financial contracts (including market valuations) if the condition of such payment stablecoin issuer warrants it. (9) Transfer of qualified financial contracts (A) In general. In making any transfer of assets or liabilities of a payment stablecoin issuer in default which includes any qualified financial contract, the Corporation as conservator or receiver for such issuer shall either— (i) transfer to one financial institution, other than a financial institution for which a conservator, receiver, trustee in bankruptcy, or other legal custodian has been appointed or which is otherwise the subject of a bankruptcy or insolvency proceeding— (I) all qualified financial contracts between any person or any affiliate of such person and the payment stablecoin issuer in default