Trade Date-Settlement Date Schedule for 1989
SUGGESTED ROUTING* |
Senior Management |
*These are suggested departments only. Others may be appropriate for your firm.
Martin Luther King, Jr., Day: Trade Date-Settlement Date Schedule
The schedule of trade dates-settlement dates below reflects the observance by the financial community of Martin Luther King, Jr., Day, Monday, January 16, 1989. On January 16, the NASDAQ System and the exchange markets 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* |
|
January 5 |
12 |
16 |
|
6 |
13 |
17 |
|
9 |
17 |
18 |
|
10 |
18 |
19 |
|
11 |
19 |
20 |
|
12 |
20 |
23 |
|
13 |
23 |
24 |
|
16 |
23 |
25 |
|
17 |
24 |
26 |
Note: January 16, 1989, is considered a business day for receiving customers' payments under Regulation T of the Federal Reserve Board.
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 January 16.
Editors' Note: The Reg. T date for January 12 trades erroneously was reported to be January 24, 1989, in the December issue of Notices to Members. The correct Reg. T date for January 12 trades is, as listed, January 23, 1989.
Presidents' Day: Trade Date-Settlement Date Schedule
Securities markets and the NASDAQ System will be closed on Monday, February 20, 1989, in observance of Presidents' Day. "Regular way" transactions made on the preceding business days will be subject to the settlement date schedule listed below.
|
Trade Date |
Settlement Date |
Reg. T Date* |
|
February 10 |
17 |
22 |
|
13 |
21 |
23 |
|
14 |
22 |
24 |
|
15 |
23 |
27 |
|
16 |
24 |
28 |
|
17 |
27 |
March 1 |
|
20 |
Markets Closed |
— |
|
21 |
28 |
2 |
Good Friday: Trade Date-Settlement Date Schedule
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 following schedule:
|
Trade Date |
Settlement Date |
Reg. 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 |
Memorial Day: Trade Date-Settlement Date Schedule
Securities markets and the NASDAQ System will be closed on Monday, May 29, 1989, 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 19 |
26 |
31 |
|
22 |
30 |
June 1 |
|
23 |
31 |
2 |
|
24 |
June 1 |
5 |
|
25 |
2 |
6 |
|
26 |
5 |
7 |
|
29 |
Markets Closed |
— |
|
30 |
6 |
8 |
Independence Day: Trade Date-Settlement Date Schedule
Securities markets and the NASDAQ System will be closed on Tuesday, July 4, 1989, 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 26 |
July 3 |
July 6 |
|
27 |
5 |
7 |
|
28 |
6 |
10 |
|
29 |
7 |
11 |
|
30 |
10 |
12 |
|
July 3 |
11 |
13 |
|
4 |
Markets Closed |
— |
|
5 |
12 |
14 |
Labor Day: Trade Date-Settlement Date Schedule
Securities markets and the NASDAQ System will be closed on Monday, September 4, 1989, 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* |
|
August 25 |
September 1 |
September 6 |
|
28 |
5 |
7 |
|
29 |
6 |
8 |
|
30 |
7 |
11 |
|
31 |
8 |
12 |
|
September 1 |
11 |
13 |
|
4 |
Markets Closed |
— |
|
5 |
12 |
14 |
Columbus Day: Trade Date-Settlement Date Schedule
The schedule of trade dates-settlement dates below reflects the observance by the financial community of Columbus Day, Monday, October 9, 1989. On this day, the NASDAQ System and the exchange markets will be open for trading. However, it will not be a settlement date since many of the nation's banking institutions will be closed in observance of Columbus Day.
|
Trade Date |
Settlement Date |
Reg. T Date* |
|
September 28 |
October 5 |
October 9 |
|
29 |
6 |
10 |
|
October 2 |
10 |
11 |
|
3 |
11 |
12 |
|
4 |
12 |
13 |
|
5 |
13 |
16 |
|
6 |
16 |
17 |
|
9 |
16 |
18 |
|
10 |
17 |
19 |
Note: October 9, 1989, is considered a business day for receiving customers' payments under Regulation T of the Federal Reserve Board.
Transactions made on Monday, October 9, will be combined with transactions made on the previous business day, October 6, for settlement on October 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 October 9.
Veteran's Day and Thanksgiving Day: Trade Date-Settlement Date Schedules
The schedule of trade dates-settlement dates below reflects the observance by the financial community of Veteran's Day, Friday, November 10, 1989, and Thanksgiving Day, Thursday, November 23, 1989. On Friday, November 10, the NASDAQ System and the exchange markets will be open for trading. However, it will not be a settlement date since many of the nation's banking institutions will be closed in observance of Veteran's Day. All securities markets will be closed on Thursday, November 23, in observance of Thanksgiving Day.
|
Trade Date |
Settlement Date |
Reg. T Date* |
|
November 2 |
9 |
13 |
|
3 |
13 |
14 |
|
6 |
14 |
15 |
|
7 |
15 |
16 |
|
8 |
16 |
17 |
|
9 |
17 |
20 |
|
10 |
17 |
21 |
|
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 |
Note: November 10 is considered a business day for receiving customers' payments under Regulation T of the Federal Reserve Board.
Transactions made on November 10 will be combined with transactions made on the previous day, November 9, for settlement on November 17. Securities will not be quoted ex-dividend, and settlements, marks to the market, reclamations, buy-ins, and sell-outs, as provided in the Uniform Practice Code, will not be made and/or exercised on November 10.
Christmas Day and New Year's Day: Trade Date-Settlement Date Schedule
Securities markets and the NASDAQ System will be closed on Monday, December 25, 1989, Christmas Day, and Monday, January 1, 1990, New Year's Day. "Regular way" transactions made on the preceding business days will be subject to the settlement date schedule listed below.
|
Trade Date |
Settlement Date |
Reg. T Date* |
|
December 15 1989 |
22 |
27 |
|
18 |
26 |
28 |
|
19 |
27 |
29 |
|
20 |
28 |
January 2 1990 |
|
21 |
29 |
3 |
|
22 |
January 2, 1990 |
4 |
|
25 |
Markets Closed |
— |
|
26 |
3 |
5 |
|
27 |
4 |
8 |
|
28 |
5 |
9 |
|
29 |
8 |
10 |
|
Janauary 1 1990 |
Markets Closed |
— |
|
2 |
9 |
11 |
The foregoing 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 (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."