Release Date: December 14, 2011
Contact: Liz Pierce, 212.313.1173, email@example.com
SIFMA Issues 2012 and 2013 Recommendations for Full and Early Holiday Closes for Trading of US Dollar-Denominated Fixed-Income Securities in the US, UK and Japan
New York, NY, December 14, 2011 – SIFMA today issued its 2012 and 2013 holiday schedules for full and early market closes for the trading of US dollar-denominated fixed-income securities in the United States, the United Kingdom and Japan. The recommendations apply to trading of US dollar-denominated government securities, mortgage- and asset-backed securities, over-the-counter investment-grade and high-yield corporate bonds, municipal bonds, and secondary money market trading in bankers’ acceptances, commercial paper, and Yankee and Euro certificates of deposit.
SIFMA’s recommended early and full market closes are recommendations only; each member firm should decide for itself whether its fixed-income departments remain open for trading. All SIFMA recommendations are subject to change due to market conditions. Early closes will not affect the closing time for settlements.
The 2012 U.S. calendar includes one change from standard practice. An early 12:00pm close is recommended for observance of Good Friday (Friday, April 6, 2012) due to the planned release of the Unemployment Report from the Bureau of Labor Statistics. Typically, a full close is recommended for Good Friday.
The full 2012 and 2013 holiday recommendations for the US, UK and Japan are listed on SIFMA’s Website at http://www.sifma.org/Services/Holiday-Schedule/.
Related: SIFMA 2013 and 2014 Market Close Recommendations - December 13, 2012
The Securities Industry and Financial Markets Association (SIFMA) brings together the shared interests of hundreds of securities firms, banks and asset managers. SIFMA's mission is to support a strong financial industry, investor opportunity, capital formation, job creation and economic growth, while building trust and confidence in the financial markets. SIFMA, with offices in New York and Washington, D.C., is the U.S. regional member of the Global Financial Markets Association (GFMA). For more information, visit http://www.sifma.org.