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Loan Market Holidays

September 28, 2018, New York, NY – In observance of Columbus Day, the Loan Syndications and Trading Association (LSTA) recommends treating Monday, October 8, 2018 as a loan market holiday for purposes of calculating delayed compensation under the LSTA standard forms of trade confirmation.

July 3, 2018 - In observance of Independence Day, the Loan Syndications and Trading Association (LSTA) recommends treating Wednesday, July 4, 2018 as a loan market holiday for purposes of calculating delayed compensation under the LSTA standard forms of trade confirmation.

May 28, 2018 - In observance of Memorial Day, the Loan Syndications and Trading Association (LSTA) recommends treating Monday, May, 28, 2018 as a loan market holiday for purposes of calculating delayed compensation under the LSTA standard forms of trade confirmation.

February 14, 2018 – In observance of the Washington’s Birthday, the Loan Syndications and Trading Association (LSTA) recommends treating Monday, February 19, 2018 as a loan market holiday for purposes of calculating delayed compensation under the LSTA standard forms of trade confirmation.

January 8, 2018 – In observance of the Birthday of Martin Luther King, Jr. holiday, the Loan Syndications and Trading Association (LSTA) recommends treating Monday, January 15, 2018 as a loan market holiday for purposes of calculating delayed compensation under the LSTA standard forms of trade confirmation.

December 26, 2017 - In observance of New Year’s Day, the Loan Syndications and Trading Association (LSTA) recommends treating Monday, January 1, 2018 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.

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