SIFMA Issues 2017 and 2018 Recommendations for Full and Early Holiday Closes in the US and UK

Release Date: December 7, 2016

Contact: Liz Pierce, (212) 313-1173, [email protected]

New York, NY, December 7, 2016 – SIFMA today confirmed its 2017 holiday recommendations and issued 2018 holiday recommendations for the trading of US dollar-denominated fixed-income securities in the United States and the United Kingdom. SIFMA will publish its 2018 recommendations for Japan in early 2017.

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.

Note the following: For Veteran’s Day 2017, there will be no market close recommendation as the holiday falls on Saturday and the New York Federal Reserve is open the preceding Friday. This recommendation is consistent with past SIFMA practice when Veteran’s Day has fallen on a Saturday.

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 2017 and 2018 holiday recommendations for the US and UK are listed on SIFMA’s Website at http://www.sifma.org/services/holiday-schedule/.

– 30 –

SIFMA is the voice of the U.S. securities industry. We represent the broker-dealers, banks and asset managers whose nearly 1 million employees provide access to the capital markets, raising over $2.5 trillion for businesses and municipalities in the U.S., serving clients with over $20 trillion in assets and managing more than $67 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.