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Notice To Members 89-30

Good Friday Trade Date-Settlement Date Schedule

Published Date:

SUGGESTED ROUTING*

Internal Audit
Legal & Compliance
Municipal
Operations
Syndicate
Systems
Trading

*These are suggested departments only. Others may be appropriate for your firm.

Securities markets and the NASDAQ System will be closed on Good Friday, March 24, 1989. "Regular way" transactions made on the business days immediately preceding that day will be subject to the schedule listed below.

Trade Date-Settlement Date Schedule For "Regular Way" Transactions

Trade Date

Settlement Date

Regulation T Date*

March 16

23

28

17

27

29

20

28

30

21

29

31

22

30

April 3

23

31

4

24

Markets Closed

27

April 3

5

These settlement dates should be used by brokers, dealers, and municipal securities dealers for purposes of clearing and settling transactions pursuant to the NASD Uniform Practice Code and Municipal Securities Rulemaking Board Rule G-12 on Uniform Practice.

Questions regarding the application of these settlement dates to a particular situation may be directed to the NASD Uniform Practice Department at (212)858-4341.


*Pursuant to Sections 220.8(b)(l) 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 seven business days of the date of purchase or, pursuant to Section 220.8(d)(l), make application to extend the time period specified. The date by which members must take such action is shown in the column entitled "Regulation T Date."