Skip to main content

Canadian and US securities markets are moving to T+2 settlement

There are two important dates to remember when you trade securities - the Trade date and the Settlement date. The date your order is executed in the market is referred to as the Trade date, and the date the buyer must pay for a purchase and the seller must deliver the securities is called the Settlement date. Transactions currently settle three business days after the Trade date, which is known as T+3.

As of September 5, 2017, your trades will settle more quickly, changing to two business days after execution, as the industry adopts a shorter settlement period. This means that as a seller of a security, you will receive payment earlier, and as a buyer, you must pay for your trade earlier. This new settlement period is referred to as T+2, and will apply to both Canadian and US securities markets.

Popular posts from this blog

Simply Hired — a job search engine with 30 million monthly users that is active in 24 countries and 12 languages — is shutting down on June 26
The Conference Board of Canada found home prices in Windsor increased nearly 16 per cent over last year.

05/01/2016 00:00:00 Diversions: Ravinder Rai & Sebastián Benítez Duo Southeast Free

Diversions showcases the photographic outcomes of an ongoing artistic dialogue between emerging artists Ravinder Rai and Sebastián Benítez. Engaging in themes of contemporary identity, culture, image, objects, commodification, and sexuality, this exhibition shares a process of awareness and discovery as Rai and Benítez photographically respond to each other's work. Featuring playful and clever self-portraits and still life photographs, this exhibition also incorporates elements of installation and mixed media.