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
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

Documents (0) for Market Closure Information