In observance of New Year’s Day, the LSTA recommends treating Wednesday, January 1, 2025, 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, January 1st, in observance of New Year’s Day.
Click here for the 2025 Loan Market Holidays.
Downloads
| File | New-Years-Day-January-1-2025.pdf |
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