Trade Date - Settlement Date Schedule For 1999
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Internal Audit |
Martin Luther King, Jr., Day: Trade Date - Settlement Date Schedule
The Nasdaq Stock Market® and the securities exchanges will be closed on Monday, January 18, 1999, 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. 12 | Jan. 15 | Jan. 20 |
| 13 | 19 | 21 |
| 14 | 20 | 22 |
| 15 | 21 | 25 |
| 18 | Markets Closed | — |
| 19 | 22 | 26 |
Presidents Day: Trade Date - Settlement Date Schedule
The Nasdaq Stock Market and the securities exchanges will be closed on Monday, February 15, 1999, 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. 9 | Feb. 12 | Feb. 17 |
| 10 | 16 | 18 |
| 11 | 17 | 19 |
| 12 | 18 | 22 |
| 15 | Markets Closed | — |
| 16 | 19 | 23 |
Good Friday: Trade Date - Settlement Date Schedule
The Nasdaq Stock Market and the securities exchanges will be closed on Good Friday, April 2, 1999. "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 29 | April 1 | April 6 |
| 30 | 5 | 7 |
| 31 | 6 | 8 |
| April 1 | 7 | 9 |
| 2 | Markets Closed | — |
| 5 | 8 | 12 |
Memorial Day: Trade Date - Settlement Date Schedule
The Nasdaq Stock Market and the securities exchanges will be closed on Monday, May 31, 1999, 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 25 | May 28 | June 2 |
| 26 | June 1 | 3 |
| 27 | 2 | 4 |
| 28 | 3 | 7 |
| 31 | Markets Closed | — |
| June 1 | 4 | 8 |
Independence Day: Trade Date - Settlement Date Schedule
The Nasdaq Stock Market and the securities exchanges will be closed on Monday, July 5, 1999, 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 29 | July 2 | July 7 |
| 30 | 6 | 8 |
| July 1 | 7 | 9 |
| 2 | 8 | 12 |
| 5 | Markets Closed | — |
| 6 | 9 | 13 |
Labor Day: Trade Date - Settlement Date Schedule
The Nasdaq Stock Market and the securities exchanges will be closed on Monday, September 6, 1999, 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. 31 | Sept. 3 | Sept. 8 |
| Sept. 1 | 7 | 9 |
| 2 | 8 | 10 |
| 3 | 9 | 13 |
| 6 | Markets Closed | — |
| 7 | 10 | 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 11, 1999. 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. 8 | Oct. 12 |
| 6 | 12 | 13 |
| 7 | 13 | 14 |
| 8 | 14 | 15 |
| 11 | 14 | 18 |
| 12 | 15 | 19 |
Note: October 11, 1999, is considered a business day for receiving customers' payments under Regulation T of the Federal Reserve Board.
Transactions made on Monday, October 11, will be combined with transactions made on the previous business day, October 8, 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 Date - Settlement Date Schedule
The schedule of trade dates-settlement dates below reflects the observance by the financial community of Veterans Day, Thursday, November 11, 1999, and Thanksgiving Day, Thursday, November 25, 1999. On Thursday, 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 25, in observance of Thanksgiving Day.
| Trade Date | Settlement Date | Reg. T Date* |
| Nov. 5 | Nov. 10 | Nov. 12 |
| 8 | 12 | 15 |
| 9 | 15 | 16 |
| 10 | 16 | 17 |
| 11 | 16 | 18 |
| 12 | 17 | 19 |
| 19 | 24 | 29 |
| 22 | 26 | 30 |
| 23 | 29 | Dec. 1 |
| 24 | 30 | 2 |
| 25 | Markets Closed | — |
| 26 | Dec. 1 | 3 |
Note: November 11, 1999, 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 Date - Settlement Date Schedule
The Nasdaq Stock Market and the securities exchanges will be closed on Friday, December 24, 1999, 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 | 31 |
| 24 | Markets Closed | — |
| 27 | 30 | Jan. 3, 2000 |
Note: The Nasdaq Stock Market and the securities exchanges will be open on December 31, 1999, and January 3, 2000.
Brokers, dealers, and municipal securities dealers should use the foregoing settlement dates for purposes of clearing and settling transactions pursuant to the National Association of Securities Dealers, Inc. (NASD®) Uniform Practice Code and 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 NASD Uniform Practice 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."