CANADA: CDS Confirms Transition to T+2 Settlement

Tuesday September 12 2017

The Canadian Clearing and Depository Services Inc. (CDS) has successfully enacted a T+2 Settlement Cycle.

7^th September  2017  was the last day in which trades could be settled on the T+3 settlement cycle. Since September the 8^th Trades have been settled on the new T+2 basis.

This development should be beneficial to traders as it allows traders to settle trades more quickly, thus mitigating counterparty, market and liquidity risks.

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