FINRA Manual: Contents
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99-88 Veterans Day And Thanksgiving Day: Trade Dates—Settlement Dates Schedule
Trade Date— Settlement Date
Legal & Compliance
Trading & Market Making
Holiday Trade Date—Settlement Date Schedule
The Suggested Routing function is meant to aid the reader of this document. Each NASD member firm should consider the appropriate distribution in the context of its own organizational structure.
Veterans Day And Thanksgiving Day: Trade Dates—Settlement Dates 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|
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.
*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 purchaseor, pursuant to Section 220.8(d)(1), make application to extend the time period speci-fied. The date by which members must take such action is shown in the column titled "Reg. T Date."