In observance of New Year’s Day, the LSTA recommends treating Thursday, January 1, 2026, 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 the trade date. Business days do not include Saturdays, Sundays, or any day the Federal Reserve Bank of New York is closed. When making its recommendations, the LSTA recognizes the Federal Reserve Bank of New York and the New York Stock Exchange holiday closings. Both will be closed on Thursday, January 1st in observance of New Year’s Day.
The New York Fed’s 2026 Holiday Schedule can be found by clicking here
Click here for the 2026 NYSE Holiday Schedule
