In observance of Columbus Day, the LSTA recommends treating Monday, October 14, 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.  The Federal Reserve Bank of New York will be closed on Monday, October 14th in observance of Columbus Day.  The New York Stock Exchange will be open.

Click here for the 2024 Loan Market Holidays.