{"id":74987,"date":"2021-06-02T17:06:58","date_gmt":"2021-06-02T21:06:58","guid":{"rendered":"http:\/\/ccma-acmc.ca\/en\/?page_id=74987"},"modified":"2021-11-21T12:03:50","modified_gmt":"2021-11-21T17:03:50","slug":"t3-to-t2-transition-project-committees-2015-2018","status":"publish","type":"page","link":"https:\/\/ccma-acmc.ca\/en\/committees-comites\/t3-to-t2-transition-project-committees-2015-2018\/","title":{"rendered":"Past Committees (T+2 2015-2018)"},"content":{"rendered":"

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CCMA T+2 Organization Structure (2015-2018)<\/strong><\/h1>\n

Between 2015 and 2017, the CCMA and its committee members worked with American counterparts to shorten the three-day settlement date for securities to T+2 (two days after trade date).\u00a0 An industry-led initiative in Canada, it was driven by the U.S. plan to reduce this period as a way to lower margin and liquidity needs, particularly during times of economic volatility; to lessen credit and counterparty exposure; and to align the standard North-American securities settlement cycle with that of Europe and other G-20 countries.<\/p>\n

The T+2 Project was completed successfully in Canada in sync with U.S. (and certain other) capital markets when Canada moved to T+2 on September 5, 2017 for trades executed that day.\u00a0 September 7, 2017 was the date of the first two-day settlement.\u00a0 The project continued into the spring of 2018 as the CCMA and industry completed a post-mortem report to prepare for an expected further reduction in the settlement cycle at some future date.<\/p>\n

Below you will find access to the work of the committees that worked on T+2, including issues list (right sidebar) for the major work streams.<\/p>\n

T+2 Steering Committee (T2SC)<\/a> \u00a0<\/strong><\/p>\n