December 13, 2021 - 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.  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

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