View Whole SectionText only Print Print Manager Link
Previous Next

92-54 Veteran's Day and Thanksgiving 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.

The schedule of trade dates-settlement dates below reflects the observance by the financial community of Veteran's Day, Wednesday, November 11, 1992, and Thanksgiving Day, Thursday, November 26, 1992. On Wednesday, November 11, securities exchanges and The Nasdaq Stock Market15" 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 26, in observance of Thanksgiving Day.

Trade Date

Settlement Date

Reg. T Date*

November 2

Nov. 9

Nov. 11

3

10

12

4

12

13

5

13

16

6

16

17

9

17

18

10

18

19

11

18

20

12

19

23

18

25

30

19

27

Dec. 1

20

30

2

23

Dec. 1

Dec. 3

24

2

4

25

3

7

26

Markets Closed

-

27

4

8

Note: November 11, 1992, is considered a business day for receiving customer 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 18. 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 11.

Brokers, dealers, and municipal securities dealers should use these settlement dates to clear and settle 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."


Previous Next