Trade Date-Settlement Date Schedule for 1993
| SUGGESTED ROUTING:* |
Internal Audit |
Martin Luther King, Jr., Day: Trade Date-Settlement Date Schedule
The schedule of trade dates-settlement dates below reflects the observance by the financial community of Martin Luther King, Jr., Day, Monday, January 18, 1993. On January 18, securities exchanges and The Nasdaq Stock MarketSM 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* |
|
Jan. 7 |
14 |
18 |
|
8 |
15 |
19 |
|
11 |
19 |
20 |
|
12 |
20 |
21 |
|
13 |
21 |
22 |
|
14 |
22 |
25 |
|
15 |
25 |
26 |
|
18 |
25 |
27 |
|
19 |
26 |
28 |
Note: January 18, 1993, is considered a business day for receiving customers' payments under Regulation T of the Federal Reserve Board.
Transactions made on January 18 will be combined with transactions made on the previous business day, January 15, for settlement on January 25. 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 January 18.
Presidents' Day: Trade Date-Settlement Date Schedule
Securities exchanges and The Nasdaq Stock Market will be closed on Monday, February 15, 1993, in observance of Presidents' Day. "Regular way" transactions made on the preceding business days will be subject to the settlement date schedule listed below.
|
Trade Date |
Settlement Date |
Reg. T Date |
|
Feb. 5 |
12 |
17 |
|
8 |
16 |
18 |
|
9 |
17 |
19 |
|
10 |
18 |
22 |
|
11 |
19 |
23 |
|
12 |
22 |
24 |
|
15 |
Markets Closed |
- |
|
16 |
23 |
25 |
*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."
Good Friday: Trade Date-Settlement Date Schedule
Securities exchanges and The Nasdaq Stock Market will be closed on Good Friday, April 9, 1993. "Regular way" transactions made on the business days immediately preceding that day will be subject to the following schedule:
|
Trade Date |
Settlement Date |
Reg. T Date |
|
April 1 |
8 |
13 |
|
2 |
12 |
14 |
|
5 |
13 |
15 |
|
6 |
14 |
16 |
|
7 |
15 |
19 |
|
8 |
16 |
20 |
|
9 |
Markets Closed |
— |
|
12 |
19 |
21 |
Memorial Day: Trade Date-Settlement Date Schedule
Securities exchanges and The Nasdaq Stock Market will be closed on Monday, May 31, 1993, 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 21 |
May 28 |
June 2 |
|
24 |
June 1 |
3 |
|
25 |
2 |
4 |
|
26 |
3 |
7 |
|
27 |
4 |
8 |
|
28 |
7 |
9 |
|
31 |
Markets Closed |
— |
|
June 1 |
8 |
10 |
Independence Day: Trade Date-Settlement Date Schedule
Securities exchanges and The Nasdaq Stock Market will be closed on Monday, July 5, 1993, 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 25 |
July 2 |
July 7 |
|
28 |
6 |
8 |
|
29 |
7 |
9 |
|
30 |
8 |
12 |
|
July 1 |
9 |
13 |
|
2 |
12 |
14 |
|
5 |
Markets Closed |
— |
|
6 |
13 |
15 |
Labor Day: Trade Date-Settlement Date Schedule
Securities exchanges and The Nasdaq Stock Market will be closed on Monday, September 6, 1993, 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 |
|
August 27 |
Sept. 3 |
Sept. 8 |
|
30 |
7 |
9 |
|
31 |
8 |
10 |
|
Sept. 1 |
9 |
13 |
|
2 |
10 |
14 |
|
3 |
13 |
15 |
|
6 |
Markets Closed |
— |
|
7 |
14 |
16 |
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 11, 1993. On this day, securities exchanges and The Nasdaq Stock Market will be open for trading. However, it will not be a settlement date since many of the nation's banking institutions will be closed.
|
Trade Date |
Settlement Date |
Reg. T Date |
|
Sept. 30 |
Oct. 7 |
Oct. 11 |
|
Oct. 1 |
8 |
12 |
|
4 |
12 |
13 |
|
5 |
13 |
14 |
|
6 |
14 |
15 |
|
7 |
15 |
18 |
|
8 |
18 |
19 |
|
11 |
18 |
20 |
|
12 |
19 |
21 |
Note: October 11, 1993, is considered a business day for receiving customers' payments under Regulation T of the Federal Reserve Board.
Transactions made on Monday, October 11, will be combined with transactions made on the previous business day, October 8, for settlement on October 18. 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 October 11.
Veteran's Day and Thanksgiving Day: Trade Date-Settlement Date Schedule
The schedule of trade dates-settlement dates below reflects the observance by the financial community of Veteran's Day, Thursday, November 11, 1993, and Thanksgiving Day, Thursday, November 25, 1993. On Thursday, November 11, securities exchanges and The Nasdaq Stock Market 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 25, in observance of Thanksgiving Day.
|
Trade Date |
Settlement Date |
Reg. T Date |
|
Nov. 2 |
Nov. 9 |
Nov. 11 |
|
3 |
10 |
12 |
|
4 |
12 |
15 |
|
5 |
15 |
16 |
|
8 |
16 |
17 |
|
9 |
17 |
18 |
|
10 |
18 |
19 |
|
11 |
18 |
22 |
|
12 |
19 |
23 |
|
17 |
24 |
29 |
|
18 |
26 |
30 |
|
19 |
29 |
1 |
|
22 |
30 |
2 |
|
23 |
Dec. 1 |
3 |
|
24 |
2 |
6 |
|
25 |
Markets Closed |
— |
|
26 |
3 |
7 |
Note: November 11, 1993 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 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.
Christmas Day and New Year's Day: Trade Date-Settlement Date Schedule
Securities exchanges and The Nasdaq Stock Market will be closed on Friday, December 24, 1993, in observance of Christmas Day, and Friday, December 31, 1993, in observance of New Year's Day. "Regular way" transactions made on the preceding business days will be subject to the settlement date schedule listed below.
|
Trade Date |
Settlement Date |
Reg. T Date |
|
Dec. 16 |
Dec. 23 |
Dec. 28 |
|
17 |
27 |
29 |
|
20 |
28 |
30 |
|
21 |
29 |
Jan. 3, 1994 |
|
22 |
30 |
4 |
|
23 |
Jan.3, 1994 |
5 |
|
24 |
Markets Closed |
— |
|
27 |
4 |
6 |
|
28 |
5 |
7 |
|
29 |
6 |
10 |
|
30 |
7 |
11 |
|
31 |
Markets Closed |
— |
|
Jan. 3, 1994 |
10 |
12 |
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 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.