SIFMA 2016-2017 Holiday Close Recommendations

Release Date: December 17, 2015
Contact: Liz Pierce, (212) 313-1173, [email protected]

SIFMA Issues 2016 and 2017 Recommendations for Full and Early Holiday Closes for Trading of US Dollar-Denominated Fixed-Income Securities in the US and UK

New York, NY, December 17, 2015– SIFMA today issued its 2016 and 2017 holiday schedules for full and early market closes for the trading of US dollar-denominated fixed-income securities in the United States and the United Kingdom. SIFMA will publish its 2017 recommendations for Japan in early 2016.

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 full 2016 and 2017 holiday recommendations for the US and UK are listed on SIFMA’s Website athttp://www.sifma.org/services/holiday-schedule/.

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SIFMA is the voice of the U.S. securities industry, representing the broker-dealers, banks and asset managers whose 889,000 employees provide access to the capital markets, raising over $2.4 trillion for businesses and municipalities in the U.S., serving clients with over $16 trillion in assets and managing more than $62 trillion in assets for individual and institutional clients including mutual funds and retirement plans. 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.