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:
- 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