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Loan Market Holidays

May 24, 2017, New York, NY – In observance of Memorial Day, the Loan Syndications and Trading Association (LSTA) recommends treating Monday, May 29 as a loan market holiday for purposes of calculating delayed compensation under the LSTA standard forms of trade confirmation.

April 13, 2017, New York, NY – In observance of Good Friday in the United States, the Loan Syndications and Trading Association (LSTA) recommends treating Friday, April 14, 2017 as a loan market holiday for purposes of calculating delayed compensation under the LSTA standard forms of trade confirmation.

February 13, 2017, New York, NY – In observance of the Washington’s Birthday holiday, the Loan Syndications and Trading Association (LSTA) recommends treating Monday, February 20, 2017 as a loan market holiday for purposes of calculating delayed compensation under the LSTA standard forms of trade confirmation.

Delayed compensation accrues on loan market trades that do not settle within a set number of business days after trade date.  "Business Days" do not include Saturdays, Sundays or any day the Federal Reserve Bank of New York is closed.

December 22, 2016, New York, NY – In observance of New Year’s Day, the Loan Syndications and Trading Association (LSTA) recommends treating Monday, January 2, 2017 as loan market holiday for purposes of calculating delayed compensation under the LSTA standard forms of trade confirmation.

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