Loan Market Holiday – Thanksgiving Day

Thanksgiving Day (Nov 28 2024)

In observance of Thanksgiving Day, the LSTA recommends treating Thursday, November 28, 2024, 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, November 28th, in observance of Thanksgiving Day.

Click here for the 2024 Loan Market Holidays and here for the upcoming 2025 Loan Market Holidays.

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