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85-74 Thanksgiving Day: Trade Date — Settlement Date Schedule

TO: All NASD Members and Municipal Securities Dealers

ATTN: All Operations Personnel

Securities markets and the NASDAQ System will be closed on Thursday, November 28, 1985, in observance of Thanksgiving 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*

November 20

November 27

December 2

21

29

3

22

December 2

4

25

3

5

26

4

6

27

5

December 9

28

Markets Closed

29

6

10


* 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 (7) 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."



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