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 LSTA’s recommended holiday schedule for calculating delayed compensation can be found below:
2022 Holidays Observed
- New Year’s Day – Saturday, January 1st
- Martin Luther King, Jr. Day – Monday, January 17th
- Washington’s Birthday – Monday, February 21st
- Good Friday – Friday, April 15th
- Memorial Day – Monday, May 30th
- Juneteenth National Independence Day – Monday, June 20th
- Independence Day – Monday, July 4th
- Labor Day – Monday, September 5th
- Columbus Day – Monday, October 10th
- Veterans Day – Friday, November 11th
- Thanksgiving Day – Thursday, November 24th
- Christmas Day – Monday, December 26th
The New York Fed’s 2022 Holiday Schedule can be found by clicking here
Click here for the 2022 NYSE Holiday Schedule
