Thanksgiving Day: Trade Date-Settlement Date Schedule
SUGGESTED ROUTING* |
|
Internal Audit |
*These are suggested departments only. Others may be appropriate for your firm.
Securities markets and the NASDAQ System will be closed on Thursday, November 23, in observance of Thanksgiving 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* |
|
November 13 |
20 |
22 |
|
14 |
21 |
24 |
|
15 |
22 |
27 |
|
16 |
24 |
28 |
|
17 |
27 |
29 |
|
20 |
28 |
30 |
|
21 |
29 |
December 1 |
|
22 |
30 |
4 |
|
23 |
Markets Closed |
— |
|
24 |
December 1 |
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.
Note: November 10, 1989 (the celebration of Veteran's Day), is considered a business/settlement date since the nation's banking institutions will be open.
*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 (7) 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 "Reg. T Date."