2005 Trade DateSettlement Date Schedule
This version corrects the Trade Dates and Settlement Dates for Columbus Day 2005.
INFORMATIONAL
Trade DateSettlement Date
This version corrects the Trade Dates and Settlement Dates for Columbus Day 2005.
| SUGGESTED ROUTING | KEY TOPICS |
| Internal Audit Legal and Compliance Municipal/Government Securities Operations Trading and Market Making | Holiday Trade DateSettlement Date Schedule |
Martin Luther King, Jr., Day:
Trade DateSettlement Date Schedule
The Nasdaq Stock Market® and the securities exchanges will be closed on Monday, January 17, 2005, in observance of Martin Luther King, Jr., Day. "Regular way" transactions made on the business days noted below will be subject to the following schedule:
| Trade Date | Settlement Date | Reg. T Date* |
|---|---|---|
| Jan. 11 | Jan. 14 | Jan. 19 |
| 12 | 18 | 20 |
| 13 | 19 | 21 |
| 14 | 20 | 24 |
| 17 | Markets Closed | — |
| 18 | 21 | 25 |
Presidents' Day:
Trade DateSettlement Date Schedule
The Nasdaq Stock Market and the securities exchanges will be closed on Monday, February 21, 2005, in observance of Presidents' Day. "Regular way" transactions made on the business days noted below will be subject to the following schedule:
| Trade Date | Settlement Date | Reg. T Date* |
|---|---|---|
| Feb. 15 | Feb. 18 | Feb. 23 |
| 16 | 22 | 24 |
| 17 | 23 | 25 |
| 18 | 24 | 28 |
| 21 | Markets Closed | — |
| 22 | 25 | March 1 |
Good Friday:
Trade DateSettlement Date Schedule
The Nasdaq Stock Market and the securities exchanges will be closed on Good Friday, March 25, 2005. "Regular way" transactions made on the business days noted below will be subject to the following schedule:
| Trade Date | Settlement Date | Reg. T Date* |
|---|---|---|
| March 21 | March 24 | March 29 |
| 22 | 28 | 30 |
| 23 | 29 | 31 |
| 24 | 30 | April 1 |
| 25 | Markets Closed | — |
| 28 | 31 | 4 |
Memorial Day:
Trade DateSettlement Date Schedule
The Nasdaq Stock Market and the securities exchanges will be closed on Monday, May 30, 2005, in observance of Memorial Day. "Regular way" transactions made on the business days noted below will be subject to the following schedule:
| Trade Date | Settlement Date | Reg. T Date* |
|---|---|---|
| May 24 | May 27 | June 1 |
| 25 | 31 | 2 |
| 26 | June 1 | 3 |
| 27 | 2 | 6 |
| 30 | Markets Closed | — |
| 31 | 3 | 7 |
Independence Day:
Trade DateSettlement Date Schedule
The Nasdaq Stock Market and the securities exchanges will be closed on Monday, July 4, 2005, in observance of Independence Day. "Regular way" transactions made on the business days noted below will be subject to the following schedule:
| Trade Date | Settlement Date | Reg. T Date* |
|---|---|---|
| June 28 | July 1 | July 6 |
| 29 | 5 | 7 |
| 30 | 6 | 8 |
| July 1 | 7 | 11 |
| 4 | Markets Close | — |
| 5 | 8 | 12 |
Labor Day:
Trade DateSettlement Date Schedule
The Nasdaq Stock Market and the securities exchanges will be closed on Monday, September 5, 2005, in observance of Labor Day. "Regular way" transactions made on the business days noted below will be subject to the following schedule:
| Trade Date | Settlement Date | Reg. T Date* |
|---|---|---|
| Aug. 30 | Sept. 2 | Sept. 7 |
| 31 | 6 | 8 |
| Sept 1 | 7 | 9 |
| 2 | 8 | 12 |
| 5 | Markets Closed | — |
| 6 | 9 | 13 |
Columbus Day:
Trade DateSettlement Date Schedule
The schedule of trade dates-settlement dates below reflects the observance by the financial community of Columbus Day, Tuesday, October 11, 2005. On this day, The Nasdaq Stock Market and the securities exchanges will be open for trading. However, it will not be a settlement date because many of the nation's banking institutions will be closed.
| Trade Date | Settlement Date | Reg. T Date* |
|---|---|---|
| Oct. 5 | Oct. 10 | Oct. 12 |
| 6 | 12 | 13 |
| 7 | 13 | 14 |
| 10 | 14 | 17 |
| 11 | 14 | 18 |
| 12 | 17 | 19 |
Note: October 11, 2005, is considered a business day for receiving customers' payments under Regulation T of the Federal Reserve Board. Transactions made on Tuesday, October 11, will be combined with transactions made on the previous business day, October 10, for settlement on October 14. Securities will not be quoted ex-dividend, and settlements, marks to the market, reclamations, and buy-ins and sell-outs, as provided in the Uniform Practice Code, will not be made and/or exercised on October 11.
Veterans' Day and Thanksgiving Day:
Trade DateSettlement Date Schedule
The schedule of trade datessettlement dates below reflects the observance of the financial community of Veterans' Day, Friday, November 11, 2005, and Thanksgiving Day, Thursday, November 24, 2005. On Friday, November 11, The Nasdaq Stock Market and the securities exchanges will be open for trading. However, it will not be a settlement date because many of the nation's banking institutions will be closed in observance of Veterans' Day. All securities markets will be closed on Thursday, November 24, 2005, in observance of Thanksgiving Day.
| Trade Date | Settlement Date | Reg. T Date* |
|---|---|---|
| Nov. 7 | Nov. 10 | Nov. 14 |
| 8 | 14 | 15 |
| 9 | 15 | 16 |
| 10 | 16 | 17 |
| 11 | 16 | 18 |
| 14 | 17 | 21 |
| 18 | 23 | 28 |
| 21 | 25 | 29 |
| 22 | 28 | 30 |
| 23 | 29 | Dec 1 |
| 24 | Markets Closed | — |
| 25 | 30 | 2 |
Note: November 11, 2004, is considered a business day for receiving customers' payments under Regulation T of the Federal Reserve Board. Transactions made on November 11 will be combined with transactions made on the previous business day, November 10, for settlement on November 16. Securities will not be quoted ex-dividend, and settlements, marks to the market, reclamations, and buy-ins and sell-outs, as provided in the Uniform Practice Code, will not be made and/or exercised on November 11.
Christmas Day:
Trade DateSettlement Date Schedule
The Nasdaq Stock Market and the securities exchanges will be closed on Monday, December 26, 2005, in observance of Christmas Day. "Regular way" transactions made on the business days noted below will be subject to the following schedule:
| Trade Date | Settlement Date | Reg. T Date* |
|---|---|---|
| Dec. 20 | Dec. 23 | Dec. 28 |
| 21 | 27 | 29 |
| 22 | 28 | 30 |
| 23 | 29 | Jan 3, 2006 |
| 26 | Markets Closed | — |
| 27 | 30 | 4 |
Brokers, dealers, and municipal securities dealers should use the foregoing settlement dates for purposes of clearing and settling transactions pursuant to the NASD® Uniform Practice Code and the Municipal Securities Rulemaking Board Rule G-12 on Uniform Practice.
Questions regarding the application of those settlement dates to a particular situation may be directed to the Market Integrity Department at (203) 375-9609.
* Pursuant to Sections 220.8(b)(1) and (4) of Regulation T of the Federal Reserve Board, a broker/dealer must promptly cancel or otherwise liquidate a customer purchase transaction in a cash account if full payment is not received within five business days of the date of purchase or, pursuant to Section 220.8(d)(1), make application to extend the time period specified. The date by which members must take such action is shown in the column titled "Reg. T Date."