Delayed Compensation 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 Saturday’s, Sundays or any day the Federal Reserve Bank of New York is closed. In addition, solely for the purposes of calculating the start date for delayed compensation, a Business Day excludes any day on which the New York Stock Exchange is closed. The attachment lists the upcoming 2023 loan market holidays.
The New York Fed’s 2023 Holiday Schedule can be found by clicking here
Click here for the 2023 NYSE Holiday Schedule