Release Date:
December 7, 2016
Contact: Liz
Pierce, (212) 313-1173, [email protected]
SIFMA Issues 2017 and 2018
Recommendations for Full and Early Holiday Closes for Trading of US
Dollar-Denominated Fixed-Income Securities in the US and UK
New York, NY,
December 7, 2016 - SIFMA today confirmed its 2017 holiday recommendations and
issued 2018 holiday recommendations for the trading of US dollar-denominated
fixed-income securities in the United States and the United Kingdom. SIFMA will
publish its 2018 recommendations for Japan in early 2017.
The
recommendations apply to trading of US dollar-denominated government
securities, mortgage- and asset-backed securities, over-the-counter
investment-grade and high-yield corporate bonds, municipal bonds, and secondary
money market trading in bankers' acceptances, commercial paper, and Yankee and
Euro certificates of deposit.
Note the
following: For Veteran’s Day 2017, there will be no market close recommendation
as the holiday falls on Saturday and the New York Federal Reserve is open the
preceding Friday. This recommendation is consistent with past SIFMA practice
when Veteran’s Day has fallen on a Saturday.
SIFMA's
recommended early and full market closes are recommendations only; each member
firm should decide for itself whether its fixed-income departments remain open
for trading. All SIFMA recommendations are subject to change due to market
conditions. Early closes will not affect the closing time for settlements.
The full 2017 and
2018 holiday recommendations for the US and UK are listed on SIFMA's Website at
http://www.sifma.org/services/holiday-schedule/.
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SIFMA is the
voice of the U.S. securities industry. We represent the broker-dealers, banks
and asset managers whose nearly 1 million employees provide access to the
capital markets, raising over $2.5 trillion for businesses and municipalities
in the U.S., serving clients with over $20 trillion in assets and managing more
than $67 trillion in assets for individual and institutional clients including
mutual funds and retirement plans. SIFMA, with offices in New York and
Washington, D.C., is the U.S. regional member of the Global Financial Markets
Association (GFMA). For more information, visit http://www.sifma.org.