This page will be updated regularly as information regarding market closure becomes available globally. Should we become aware of an issue that we need to bring to the membership’s attention, we will post a notice on our website and schedule member calls at relevant hours. If you have publicly available information regarding any market closure or disruption, or any questions in relation to these matters, please email MarketInfrastructureandTechnology@isda.org.
Disclaimer: The following is provided for information purposes only and should not be relied upon for any purpose. ISDA provides no assurance that it contains a complete, accurate or up-to-date list of announcements or publications with respect to the subject matter. Members should conduct their own due diligence on the matters discussed and consult with their professional advisers to the extent they deem necessary.
| Date | Event | Overview |
| September 14, 2024 | India – New Public Holiday | A new public holiday has been declared by the government of Maharashtra falling on September 18, 2024. The public holiday on September 16, 2024 declared earlier has been cancelled. Accordingly, there will be no transactions and settlements in Government securities, foreign exchange, money markets and rupee interest rate derivatives on September 18, 2024. |
| June 12, 2024 | Moscow Exchange | See the announcement by the Moscow Exchange about trading operations on the exchange from June 13, 2024. |
| January 22, 2024 | India – New Public Holiday | A new public holiday has been declared by the government of Maharashtra falling on January 22, 2024. The National Stock Exchange and the BSE are expected to be closed in observance of the public holiday. Financial Benchmarks India Pvt Limited announced no publication of its benchmarks on January 22, 2024. |
| November 13, 2023 | South Africa – New Public Holiday | On October 30, 2023, the President of South Africa announced a new public holiday falling on December 15, 2023. On November 8, 2023, the Johannesburg Stock Exchange (JSE) announced that all JSE markets will be closed on December 15, 2023. |
| August 31, 2023 | Singapore Elections 2023 (Guidance) | ISDA has published guidance for certain over-the-counter derivative transactions affected by the public holiday for the Presidential Elections in Singapore. Note that the guidance may be updated from time to time. ISDA Singapore Elections 2023 – Commodity Guidance ISDA Singapore Elections 2023 – FX Guidance ISDA Singapore Elections 2023 – Rates Guidance ISDA Singapore Elections 2023 – Equity Guidance |
| August 22, 2023 | Singapore Elections 2023 | On August 22, 2023, the Ministry of Manpower announced that, in accordance with Section 17 of the Presidential Elections Act 1991, Polling Day, which falls on Friday, September 1, 2023, will be a public holiday. |
| May 5, 2023 | UK King Charles III – Coronation (Guidance) | ISDA has published guidance for certain over-the-counter derivative transactions affected by the coronation of King Charles III in the UK. Note that the guidance may be updated from time to time. ISDA King Charles III Coronation – FX Guidance ISDA King Charles III Coronation – Equity Guidance ISDA King Charles III Coronation – Rates Guidance ISDA King Charles III Coronation – SFT Guidance |
| February 8, 2023 | Istanbul Stock Exchange Closure | See the announcements by the Istanbul Stock Exchange about suspension of trading and closure of the Equity and Equity Derivatives markets from and including February 8th, 2023 to and including February 14th, 2023. |
| September 21, 2022 | Queen Elizabeth II – New Zealand Memorial Day (Guidance) | ISDA has published guidance for certain over-the-counter derivative transactions affected by the Memorial Day in New Zealand. Note that the guidance may be updated from time to time. ISDA New Zealand Memorial Day 2022 – FX ISDA New Zealand Memorial Day 2022 – Equity ISDA New Zealand Memorial Day 2022 – Rates |
| September 20, 2022 | Queen Elizabeth II – Australia National Day of Mourning (Guidance) | ISDA has published guidance for certain over-the-counter derivative transactions affected by the National Day of Mourning in Australia. Note that the guidance may be updated from time to time. ISDA Australia National Day of Mourning 2022 – FX ISDA Australia National Day of Mourning 2022 – Equity ISDA Australia National Day of Mourning 2022 – Rates |
| September 16, 2022 | Queen Elizabeth II – Canada Federal Day of Mourning | On September 13, 2022, the Prime Minister of Canada announced that a National Day of Mourning will be observed on Monday, September 19, 2022. See below links of the announcements from the following institutions concerning the National Day of Mourning. ISDA’s current understanding is that the normal operation of OTC derivatives in Canada appears to be largely unaffected, therefore we do not intend to issue detailed guidance at this time. However, members’ attention is drawn to:
If members are aware of any facts or issues which could materially impact such normal operation, they should contact mdemarzio@isda.org and mhurd@isda.org. |
| September 16, 2022 | Queen Elizabeth II – UK National Day of Mourning (Guidance) | ISDA has published guidance for certain over-the-counter derivative transactions affected by the National Day of Mourning Bank Holiday in the UK. Note that the guidance may be updated from time to time. ISDA UK National Day of Mourning 2022 – FX ISDA UK National Day of Mourning 2022 – Commodity ISDA UK National Day of Mourning 2022 – Equity ISDA UK National Day of Mourning 2022 – Rates ISDA UK National Day of Mourning 2022 – SFT |
| September 12, 2022 | Queen Elizabeth II – New Zealand State Memorial Service | The Prime Minister of New Zealand announced that a State Memorial Service will be held on Monday, September 26, 2022. This date has been recognized as a Public Holiday in New Zealand. ISDA is gathering information on the potential impact of this holiday and will inform members in due course. |
| September 11, 2022 | Queen Elizabeth II – Australia National Day of Mourning | The Prime Minister of Australia announced that a National Day of Mourning will be observed on Thursday, September 22, 2022. This date has been recognized as a National Public Holiday in Australia. ISDA is gathering information on the potential impact of this holiday and will inform members in due course. |
| September 10, 2022 | Queen Elizabeth II – UK National Day of Mourning | The UK Government announced that a Bank Holiday will be observed on Monday, September 19, 2022, to coincide with Her Majesty Queen Elizabeth II’s State Funeral. ISDA intends to hold a working group call at 5pm London time on Monday September 12, 2022 to discuss issues arising from this announcement. Invitations will be sent to members of the following working groups: ISDA FX Operations Working Group; ISDA Interest Rates Steering Committee; ISDA Rates Market Infrastructure Working Group; ISDA Equity Steering Committee; ISDA Equity Market Infrastructure Working Group; ISDA Commodities Market Infrastructure Group; ISDA Americas and Europe Benchmark Working Group; ISDA APAC Benchmark Working Group; ISDA IBOR Fallback Implementation Subgroup; ISDA JPY Benchmark Working Group. |
| September 8, 2022 | Queen Elizabeth II – UK National Day of Mourning | ISDA is aware that a national day of mourning may be announced in response to news that Her Majesty Queen Elizabeth II of the United Kingdom has passed away (https://www.royal.uk/). ISDA will be keeping members informed and will schedule working group discussions, if required, at an appropriate time to collate information regarding the precise nature of the national day of mourning and its potential impact on derivatives contracts. |
| June 1, 2022 | USA Holiday Guidance | ISDA guidance for parties to over-the-counter derivative transactions affected by holidays in the US whereby the relevant date is not: (i) a New York City Business Day (under the 2021 Definitions); (ii) a New York City Banking Day (under the 2006 Definitions); (iii) a NYSE Business Day; (iv) a New York Fed Business Day; or (v) a U.S. Government Securities Business Day (e.g., Juneteenth 2022). Please note that the guidance may be updated from time to time. ISDA USA Holiday Guidance – Interest Rate Derivatives |
| June 1, 2022 | UK Queen’s Platinum Jubilee 2022 | ISDA guidance for parties to over-the-counter derivative transactions affected by the holiday changes in the UK due to the Queen’s Platinum Jubilee. Please note that the guidance may be updated from time to time. ISDA UK Queen Platinum Jubilee 2022 – Equity Derivatives |
| June 1, 2022 | Juneteenth 2022 | ISDA guidance for parties to over-the-counter derivative transactions affected by the holiday changes in the USA due to the “Juneteenth” holiday. Please note that the guidance may be updated from time to time. ISDA Juneteenth 2022 – Equity Derivatives |
| May 17, 2022 | UK Queen’s Platinum Jubilee 2022 | ISDA guidance for parties to over-the-counter derivative transactions affected by the holiday changes in the UK due to the Queen’s Platinum Jubilee. Please note that the guidance may be updated from time to time. ISDA UK Queen Platinum Jubilee 2022 – 1998 FX Definitions |
| May 9, 2022 | UK Queen’s Platinum Jubilee 2022 | ISDA guidance for parties to over-the-counter derivative transactions affected by the holiday changes in the UK due to the Queen’s Platinum Jubilee. Please note that the guidance may be updated from time to time. ISDA UK Queen Platinum Jubilee 2022 – 2021 and 2006 ISDA Definitions |
| March 30, 2022 | Moscow Exchange | See the announcement by the Central Bank of the Russian Federation about trading operations of the Moscow Exchange on March 30, 2022. |
| March 29, 2022 | London Metal Exchange – Nickel | See the announcement by the London Metal Exchange concerning the consolidated guidance on disruption events and updated guidance on the calculation of monthly average settlement prices, monthly moving average prices and notional average prices. |
| March 29, 2022 | Moscow Exchange | See the announcement by the Central Bank of the Russian Federation about trading operations of the Moscow Exchange on March 29, 2022. |
| March 28, 2022 | Moscow Exchange | See the announcement by the Central Bank of the Russian Federation about trading operations of the Moscow Exchange on March 28, 2022. |
| March 24, 2022 | Moscow Exchange | See the announcement by the Central Bank of the Russian Federation about trading operations of the Moscow Exchange on March 25, 2022. |
| March 24, 2022 | London Metal Exchange – Nickel (Guidance) | ISDA has today published guidance for parties to over-the-counter derivative transactions affected by the suspension of trading of nickel contracts by the London Metal Exchange. ISDA has also published a form of bilateral amendment agreement template that allows market participants to override their current contractual market disruption fallbacks with alternative fallback provisions. Please note that the guidance and/or Form of Amendment may be updated from time to time. LME Suspension of Nickel Trading – 24 March 2022 – Commodity Derivatives 2022 Form of Amendment – LME Suspension of Nickel Trading |
| March 24, 2022 | London Metal Exchange – Nickel | See the announcement by the London Metal Exchange concerning disruption event on the nickel official prices and closing prices on 24 March 2022. |
| March 23, 2022 | London Metal Exchange – Nickel | See the announcement by the London Metal Exchange concerning disruption event on the nickel official prices and closing prices on 23 March 2022. |
| March 23, 2022 | Moscow Exchange | See the announcement by the Central Bank of the Russian Federation about trading operations of the Moscow Exchange on March 24, 2022. |
| March 22, 2022 | Moscow Exchange | See the announcement by the Central Bank of the Russian Federation about trading operations of the Moscow Exchange on March 23, 2022. |
| March 21, 2022 | Moscow Exchange | See the announcement by the Central Bank of the Russian Federation about trading operations of the Moscow Exchange on March 22, 2022. |
| March 21, 2022 | London Metal Exchange – Nickel | See the announcement by the London Metal Exchange concerning disruption event on the nickel official prices and closing prices on 21 March 2022. |
| March 18, 2022 | Moscow Exchange | See the announcement by the Central Bank of the Russian Federation about trading operations of the Moscow Exchange on March 21, 2022. |
| March 18, 2022 | London Metal Exchange – Nickel | See the announcement by the London Metal Exchange concerning the changes to daily price limits for nickel with effect from 21 March 2022. |
| March 18, 2022 | London Metal Exchange – Nickel | See the announcement by the London Metal Exchange concerning disruption event on the nickel official prices and closing prices on 18 March 2022. |
| March 17, 2022 | London Metal Exchange – Nickel | See the announcement by the London Metal Exchange concerning the changes to daily price limits for nickel with effect from 18 March 2022. See a further announcement concerning disruption event on the nickel official settlement prices and closing prices on 17 March 2022. |
| March 17, 2022 | London Metal Exchange – Nickel (Guidance) | ISDA has today published guidance for parties to over-the-counter derivative transactions affected by the suspension of trading of nickel contracts by the London Metal Exchange. The guidance can be found below. Please note that the guidance may be updated from time to time. LME Suspension of Nickel Trading – 17 March 2022 – Commodity Derivatives |
| March 16, 2022 | London Metal Exchange – Nickel | See the announcement by the London Metal Exchange concerning the changes to daily price limits for nickel with effect from 17 March 2022. See a further announcement concerning disruption event on the nickel closing prices on 16 March 2022. |
| March 16, 2022 | London Metal Exchange – Nickel (Guidance) | ISDA has today published guidance for parties to over-the-counter derivative transactions affected by the suspension of trading of nickel contracts by the London Metal Exchange. The guidance can be found below. Please note that the guidance may be updated from time to time. LME Suspension of Nickel Trading – 16 March 2022 – Commodity Derivatives |
| March 16, 2022 | London Metal Exchange – Nickel | See the announcement by the London Metal Exchange concerning an update on nickel trading. The London Metal Exchange made a further announcement concerning nickel official prices and another announcement about the resumption of nickel trading. |
| March 15, 2022 | London Metal Exchange – Nickel | See the announcement by the London Metal Exchange concerning, among other topics, the application of daily price limits and clarifications about the effect of pricing disruption events on official and closing prices. The London Metal Exchange further announced a revision to delivery deferral arrangements in Notice 22/064 and revised nickel trading hours. |
| March 14, 2022 | London Metal Exchange – Nickel | See the announcement by the London Metal Exchange concerning, among other topics, the arrangements for the resumption of trading; application of daily price limits for all base metals; delivery deferrals arrangements; and determination of official and closing prices during a disruption event. |
| March 14, 2022 | Moscow Exchange | See the announcement by the Central Bank of the Russian Federation about trading operations on the Moscow Exchange in the period from March 14 to March 18, 2022. |
| March 11, 2022 | Moscow Exchange | See the announcement by the Central Bank of the Russian Federation about today’s trading operations on the Moscow Exchange. |
| March 10, 2022 | Russian Market Closure | ISDA has today published guidance for parties to over-the-counter equity derivative transactions affected by the market closures Russia. The guidance can be found below. Please note that the guidance may be updated from time to time. ISDA Russian Market Closure 10 March 2022 1.0 – Equity Derivatives |
| March 10, 2022 | Moscow Exchange | See the announcement by the Central Bank of the Russian Federation about today’s trading operations on the Moscow Exchange. |
| March 10, 2022 | London Metal Exchange – Nickel | The London Metal Exchange provided further information concerning the suspension and the resumption of Nickel trading. |
| March 9, 2022 | Moscow Exchange | See the announcement by the Central Bank of the Russian Federation about today’s trading operations on the Moscow Exchange. |
| March 8, 2022 | London Metal Exchange – Nickel | The London Metal Exchange (LME) announced suspension of the Nickel market for today. The LME made further announcements concerning delivery deferral and trade cancellation, temporary cessation of publication of Official Prices and Closing Prices, and the criteria for resumption of trading and application of price bands. |
| March 7, 2022 | Moscow Exchange | The Central Bank of the Russian Federation announced that there will be no trading sessions nor settlements in all Moscow Exchange markets from March 5 to March 8, 2022. |
| March 4, 2022 | Moscow Exchange | See the announcement by the Central Bank of the Russian Federation about today’s trading operations on the Moscow Exchange. |
| March 3, 2022 | Moscow Exchange | See the announcement by the Central Bank of the Russian Federation about today’s trading operations on the Moscow Exchange. |
| March 2, 2022 | Moscow Exchange | See the announcement by the Central Bank of the Russian Federation about today’s trading operations on the Moscow Exchange. |
| March 1, 2022 | Moscow Exchange | The Central Bank of the Russian Federation announced limited trading operations in the Moscow Exchange (MOEX) and in the foreign exchange and money markets as of March 1st, 2022. The Central Bank of the Russian Federation also announced no trading in the MOEX Equity, Derivatives and Standardised OTC Derivatives markets on March 1st, 2022. |
| February 28, 2022 | Moscow Exchange | See attached announcement of the Central Bank of the Russian Federation about today’s trading sessions of the Moscow Exchange (MOEX). See the second announcement about no trading held in the MOEX Equity, Derivatives, and Standardized OTC Derivatives markets. |
| February 25, 2022 | Ukrainian Exchanges | The Ukrainian Exchange and the PFTS Stock Exchange suspended trading as of February 24, 2022 until further notice. |
| February 7, 2022 | India: Maharashtra Public Holiday – February 7, 2022 | New Maharashtra public holiday falling on February 7, 2022. Refer to the announcements by Reserve Bank of India for more information. |
| December 23, 2021 | ICE Swap Rates – 24th and 31st December 2021 | ISDA guidance note setting out the consequences under the ISDA Definitions of potential “No Publications” of ICE Swap Rates on 24th December and 31st December 2021. Please note that this guidance may be updated from time to time. ISDA Guidance ICE Swap Rates – 24th and 31st December 2021 |
| September 10, 2021 | Canada: National Day for Truth and Reconciliation | New federal statutory holiday falling on 30th September starting in 2021. Refer to the announcements by Government of Canada, Payments Canada, Bank of Canada and TMX for more information. |
| April 15, 2021 | Japan Summer 2021 Holiday Changes | ISDA guidance for parties to over-the-counter derivative transactions affected by the holiday changes happening in Japan this summer can be found below. Please note that the guidance may be updated from time to time. ISDA Japanese Summer 2021 Holiday Changes – FX Definitions ISDA Japanese Summer 2021 Holiday Changes – 2006 ISDA Definitions ISDA Japanese Summer 2021 Holiday Changes – Equity Derivatives |
| July 9, 2020 | Singapore Elections 2020 | ISDA guidance for parties to certain over-the-counter derivative transactions affected by the public holiday for the Presidential Elections in Singapore. ISDA Singapore Elections 2020 – FX Definitions ISDA Singapore Elections 2020 – 2006 Definitions ISDA Singapore Elections 2020 – Equity Derivatives |
| April 24, 2020 | UK Early May 2020 Bank Holiday Change | ISDA guidance for parties to certain over-the-counter derivative transactions affected by the announcement on 7 June 2019 by the UK Government that the early May bank holiday in 2020 will move from Monday 4 May to Friday 8 May to mark the 75th anniversary of VE Day. ISDA UK May 2020 Bank Holiday – FX Definitions ISDA UK May 2020 Bank Holiday – 2006 Definitions ISDA UK May 2020 Bank Holiday – Equity Definitions |