Independence Day — Trade Date-Settlement Date Schedule
| SUGGESTED ROUTING:* |
Internal Audit |
Securities markets and the Nasdaq system will be closed on Thursday, July 4, 1991, in observance of Independence 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* |
|
June 26 |
July 3 |
July 8 |
|
27 |
5 |
9 |
|
28 |
8 |
10 |
|
July 1 |
9 |
11 |
|
2 |
10 |
12 |
|
3 |
11 |
15 |
|
4 |
Markets Closed |
- |
|
5 |
12 |
16 |
Brokers, dealers, and municipal securities dealers should use these settlement dates 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)(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 seven (7) 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 entitled "Reg. T Date."