In observance of Christmas Day, the LSTA recommends treating Wednesday, December 25, 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 Wednesday, December 25th, in observance of Christmas Day.

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