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  • 05-81 2006 Trade Date — Settlement Date Schedule

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    INFORMATIONAL

    SUGGESTED ROUTING

    KEY TOPICS

    Internal Audit
    Legal and Compliance
    Municipal/Government Securities
    Operations
    Trading and Market Making
    Holiday Trade Date—Settlement
    Date Schedule

    Martin Luther King, Jr., Day:

    Trade Date—Settlement Date Schedule

    The NASDAQ Stock Market® and the securities exchanges will be closed on Monday, January 16, 2006, in observance of Martin Luther King, Jr., 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*
    Jan. 10 Jan. 13 Jan. 18
    11 17 19
    12 18 20
    13 19 23
    16 Markets Closed
    17 20 24

    Presidents' Day:

    Trade Date—Settlement Date Schedule

    The NASDAQ Stock Market and the securities exchanges will be closed on Monday, February 20, 2006, in observance of Presidents' 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*
    Feb. 14 Feb. 17 Feb. 22
    15 21 23
    16 22 24
    17 23 27
    20 Markets Closed
    21 24 Feb. 28

    Good Friday:

    Trade Date—Settlement Date Schedule

    The NASDAQ Stock Market and the securities exchanges will be closed on Good Friday, April 14, 2006. "Regular way" transactions made on the business days noted below will be subject to the following schedule:

    Trade Date Settlement Date Reg. T Date*
    April 10 April 13 April 18
    11 17 19
    12 18 20
    13 19 21
    14 Markets Closed
    17 20 24

    Memorial Day:

    Trade Date—Settlement Date Schedule

    The NASDAQ Stock Market and the securities exchanges will be closed on Monday, May 29, 2006, in observance of Memorial 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*
    May 23 May 26 May 31
    24 30 June 1
    25 31 June 2
    26 June 1 5
    29 Markets Closed
    30 June 2 6

    Independence Day:

    Trade Date—Settlement Date Schedule

    The NASDAQ Stock Market and the securities exchanges will be closed on Tuesday, July 4, 2006, in observance of Independence 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*
    June 28 July 3 July 6
    29 5 7
    30 6 10
    July 3 7 11
    4 Markets Closed
    5 10 12

    Labor Day:

    Trade Date—Settlement Date Schedule

    The NASDAQ Stock Market and the securities exchanges will be closed on Monday, September 4, 2006, in observance of Labor 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*
    Aug. 29 Sept. 1 Sept. 6
    30 5 7
    31 6 8
    Sept. 1 7 11
    4 Markets Closed
    5 8 12

    Columbus Day:

    Trade Date—Settlement Date Schedule

    The schedule of trade dates—settlement dates below reflects the observance by the financial community of Columbus Day, Monday, October 9, 2006. On this day, 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.

    Trade Date Settlement Date Reg. T Date*
    Oct. 3 Oct. 6 Oct. 10
    4 10 11
    5 11 12
    6 12 13
    9 12 16
    10 13 17

    Note:

    October 9, 2006, is considered a business day for receiving customers' payments under Regulation T of the Federal Reserve Board. Transactions made on Monday, October 9, will be combined with transactions made on the previous business day, October 6, for settlement on October 12. Securities will not be quoted ex-dividend, and settlements, marks to the market, reclamations, and buy-ins and sellouts, as provided in the Uniform Practice Code, will not be made and/or exercised on October 9.

    Thanksgiving Day:

    Trade Date—Settlement Date Schedule

    The schedule of trade dates–settlement dates below reflects the observance of the financial community of Thanksgiving Day, Thursday, November 23, 2006. All securities markets will be closed on Thursday, November 23, 2006, in observance of Thanksgiving Day.

    Trade Date Settlement Date Reg. T Date*
    Nov. 17 Nov. 22 Nov. 27
    20 24 28
    21 27 29
    22 28 30
    23 Market Closed
    24 29 Dec. 1

    Christmas Day and New Year's Day:

    Trade Date—Settlement Date Schedule

    The NASDAQ Stock Market and the securities exchanges will be closed on Monday, December 25, 2006, in observance of Christmas Day and Monday, January 1, 2007, 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. 19 Dec. 22 Dec. 27
    20 26 28
    21 27 29
    22 28 Jan 2, 2007
    25 Markets Closed
    26 29 Jan. 3
    27 Jan. 2 4
    28 3 5
    29 4 8
    Jan 1, 2007 Market Closed
    2 5 9

    Brokers, dealers and municipal securities dealers should use the foregoing settlement dates for purposes of clearing and settling transactions pursuant to the NASD® Uniform Practice Code and the Municipal Securities Rulemaking Board Rule G-12 on Uniform Practice.

    Questions regarding the application of those settlement dates to a particular situation may be directed to the Market Integrity Department at (203) 375-9609.


    * 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 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 titled "Reg. T Date."