Which securities are affected?

Most Canadian and U.S. securities that currently have a three day settlement cycle (T+3) are changing to a two day cycle (T+2). This includes:

  • Stocks/equities
  • Corporate bonds
  • Long-term government bonds with a remaining term to maturity of more than three years (including Federal, Provincial, and Municipal)
  • Investment funds, including conventional mutual funds, exchange-traded funds (ETFs) and hedge funds
  • Principal-protected notes

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