Monday August 7 2017
News Source: Global Exchanges
Focus: Other
Type: General
Country: International
Link: http://www.clearstream.com/clearstream-en/products-and-services/settlement/a17113/91426
U.S., Canadian and Mexican markets will shorten their settlement cycles from T+3 to T+2 on 5th September 2017 for the following types of securities:
| United States | Stocks, bonds, municipal securities, exchange-traded funds, certain mutual funds, and limited partnerships that trade on an exchange |
| Canada | Equities |
| Mexico | Equities and warrants |
Transition timeline
United States and Canada
As Tuesday 5th September 2017 is T+2 implementation date, and given that Monday 4th September 2017 is the Labour Day holiday in the US and Canada, Thursday 7th September 2017 will be a double settlement day for the instrument types in scope:
• Trades executed Friday 1st September 2017 will settle on a T+3 basis on Thursday 7th September 2017.
• Trades executed on Tuesday 5th September 2017 will settle on a T+2 basis on Thursday 7th September 2017.
Mexico
Starting Tuesday 5th September 2017 trades will settle on a T+2 basis.
Please click on the link above for further information