Standard Business Day Calculations
Legal & Financial StandardsIn international business, civil law, and commerce, a business day (or working day) refers to any official workday where commercial banks and financial clearing houses are open for business. In the Western world, this spans Monday through Friday, excluding statutory government holidays.
- Securities Settlement (T+1)
- US and European financial securities settle on a T+1 business day basis, requiring exact weekend and bank holiday skipping.
- Statutory Notice Periods
- Court filings, tenant notice windows, and contractual cure periods often specify business days rather than calendar days.
- Supply Chain & Freight
- Standard freight transit times measure active carrier operating days, excluding Sunday linehauls.