CCMA T+1 Committees and Organization Structure

The Canadian Capital Markets Association (CCMA) is co-ordinating Canadian indutry efforts to transition to a shorter standard securities settlement cycle – the simultaneous exchange of securities for certain payment – from two days after trade date (T+2) to one day or T+1.

The CCMA is working with Canadian market participants and other stakeholders, as well as the U.S. Securities Industry and Financial Markets Association (SIFMA), Investment Company Institute (ICI), and Depository Trust & Clearing Corporation (DTCC), to prepare to halve the number of days it takes to clear and settle a trade, continuing our long shared history of a common North-American standard.  The CCMA led efforts in Canada and cross-border when the settlement cycle for most Canadian and U.S. debt, equity and funds went smoothly from T+3 to T+2 in 2017.

The CCMA has adopted the same approach used successfuly a few years ago which relies on a committee structure with active participation by industry volunteers.  If you are interested in joining a committee, please e-mail