A Collaborative Transition
The Canadian Capital Markets Association (CCMA) is coordinating the Canadian financial market’s move to the T+1 settlement cycle. The CCMA’s several industry working groups are working to identify the specific requirements for the Canadian financial industry. CDS is collaborating with the CCMA as part of these working groups.
Overview
The current settlement period for securities trades in North America is transaction date (T) plus two business days, commonly referred to as T+2. North American Capital Markets industry players, including TMX CDS have agreed to move to a T+1 settlement cycle to better serve market participants.
For Test Participants
Access the latest documents and information as a test participant of T+1.
Benefits
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A detailed overview of our upcoming transition to T+1 and why it’s important. Revised: August 2023
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A landmark initiative for our capital markets ecosystem and a major undertaking for stakeholders across the industry.
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