TORONTO, April 19, 2018 – The Canadian Capital Markets Association (CCMA) today released their T+2 Project: Post-Mortem Report (the Report), analyzing Canadian efforts between 2015 and 2017 to shorten the payment cycle for securities purchased from three to two business days after a transaction. T+2 trading and settlement of equity and debt securities, and for the purchase and redemption of mutual funds, was implemented in Canada on September 5, 2017, with changes co-ordinated with similar conversions in the U.S. and other global markets. Read more
TORONTO, September 8, 2017 – The Canadian Capital Markets Association (CCMA) today announced that Canadian market participants successfully concluded efforts to transition Canada’s capital markets to a two-business-day (T+2) settlement cycle from a three-business-day (T+3) cycle. The transition required careful co-ordination among hundreds of people and many financial entities in the investment industry in Canada, the U.S. and other countries. The T+2 trading of equity and most debt securities, and the purchase of most mutual funds, was implemented effectively in Canada on Tuesday, September 5, 2017 in alignment with the U.S. and other markets. T+2 settlement – payment for those securities – was completed smoothly two days later on September 7, 2017.
TORONTO, May 29, 2017 – The Canadian Capital Markets Association (CCMA) announced today that fewer than 100 days remain until Canada’s financial markets move to shorten the time between when a securities transaction is made, and when the related securities and cash are exchanged. With the introduction of “T+2” settlement effective September 5, 2017, both Canada and the U.S. plan to shorten their securities settlement periods to two days from three. Read more
TORONTO, May 1, 2016 – The Canadian Capital Markets Association (CCMA) is a federally incorporated, not-for-profit organization, launched to identify, analyze and recommend ways to meet the challenges and opportunities facing Canadian and international capital markets.
TORONTO, July 15, 2015 – The Board of Directors of the Canadian Capital Markets Association (CCMA) is pleased to announce the appointment of Keith Evans as Executive Director. Mr. Evans will represent the CCMA in the coordination of an industry-wide effort to shorten the securities settlement cycle from the current three day period, or T+3, to a two day period, or T+2.