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  • 94-90 Christmas Day And New Year's Day: Trade Date-Settlement Date Schedule

    SUGGESTED ROUTING

    Legal & Compliance
    Operations
    Systems
    Trading

    The Nasdaq Stock Market™ and the securities exchanges will be closed on Monday, December 26, 1994, in observance of Christmas Day, and Monday, January 2, 1995, in observance of New Year's 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. 16

    Dec. 23

    Dec. 28

    19

    27

    29

    20

    28

    30

    21

    29

    Jan. 3, 1995

    22

    30

    4

    23

    Jan. 3, 1995

    5

    26

    Markets Closed

    -

    27

    4

    6

    28

    5

    9

    29

    6

    10

    30

    9

    11

    Jan. 2, 1995

    Markets Closed

    -

    3

    10

    12

    *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."

    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 (203) 375-9609.