View Whole SectionText only Print Print Manager Link
Previous Next

89-18 Presidents' Day: Trade Date-Settlement Date Schedule

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 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 Schedule For "Regular Way" Transactions

Trade Date

Settlement Date

Regulation 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

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."



Previous Next