In conjunction with the US Markets, on September 5, 2017 Canadian Financial Markets will move to a Trade Date +2 (T+2) settlement date. Beginning September 5, 2017, the majority of trades that currently settle on T+3 (settlement 3 days after the trade) will settle on T+2 (settlement 2 days after the trade).
The main impact to you will be funds required to settle your trades must now be deposited into your account one day earlier. This will harmonize North American markets with European and other markets, reduce risk and improve efficiency in the settlement process.
Please contact your Investment Advisor for more information or visit www.ccma-acmc.ca