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

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.

最美是集美

Tuesday January 24, 2006 - 08:34pm (EST)

When I moved to Jimei 9 months ago, I was not familiar with the place. I got used to it after half a year. According to one of my neighbors, “Some part of Jimei is nice, some part of Jimei is disgusting”. Not for only once, when I walk along some beautiful quiet streets of Jimei, I feel the beauty of it and feel like in the heaven. Even till now  I am still not familiar with it, but when the bus drives along the bridge and I look at that place, I know I do know something about this place and it is part of my memory for ever. And just before the Chinese new year, I hear the song composed by one of the Jimei people. “最美是集美,集天下之美”.