Release Date: August 19, 2013
Contact: Liz Pierce, (212)
Recommends Early Market Close on August 26 for Trading of US Dollar-Denominated
Fixed-Income Securities in Japan in Observance of the UK Summer Bank Holiday
New York, N.Y., August 19,
2013 — SIFMA
has confirmed its previous recommendation for an early market close at 3:00pm
JST on Monday, August 26 for the trading of US dollar-denominated fixed-income
securities in Japan in observance of the U.K. Summer Bank Holiday.
recommendation applies 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.
The early close will not
affect the closing time for settlements.
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
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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 develop policies and
practices which strengthen financial markets and which encourage capital
availability, job creation and economic growth while building trust and
confidence in the financial industry.
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 www.sifma.org.