Real-time means the actual time in which an event takes place, with the reporting on or the recording of the event simultaneous with its occurrence.
Clearance System Business Day means, with respect to the Clearance System, any day (other than a Saturday or Sunday) on which the Clearance System is open for the acceptance and execution of settlement instructions.
Working Day means a day (other than a Saturday or Sunday) on which banks are open for general business in the City of London.
Installation Date means the date specified in the Statement of Work by which the Contractor must have the ordered Equipment ready (certified) for use by the State.
Benchmark Replacement Date means the earliest to occur of the following events with respect to the then-current Benchmark:
Index Business Day means, in respect of an Index, any day on which the Index Sponsor in respect of such Index is scheduled to publish the level of the Index.