Template:2002 ISDA Equity Derivatives Definitions 6.3(d)

6.3(d) Early Closure. "Early Closure" means the closure on any Exchange Business Day of
the relevant Exchange (or in the case of an Index Transaction or Index Basket Transaction, any relevant
Exchange(s) relating to securities that comprise 20 percent or more of the level of the relevant Index) or
any Related Exchange(s) prior to its Scheduled Closing Time unless such earlier closing time is
announced by such Exchange(s) or Related Exchange(s) at least one hour prior to the earlier of (i) the
actual closing time for the regular trading session on such Exchange(s) or Related Exchange(s) on such
Exchange Business Day and (ii) the submission deadline for orders to be entered into the Exchange or
Related Exchange system for execution at the Valuation Time on such Exchange Business Day.