The CCMA Board, at its April 2021 meeting, formally approved a new CCMA priority: co-ordinating the Canadian capital markets\u2019 review of shortening the settlement cycle from the current North-American standard of T+2 to T+1 \u2013 the day after a trade is made.\u00a0 Canadian financial services members have been involved in discussions of a reduced settlement cycle with U.S. counterparts since last year, and the CCMA became involved directly this past February. U.S. industry leads have now formally announced efforts to accelerate the securities settlement cycle from T+2 to T+1, with a date for the change to be identified later this year.<\/p>\n
The CCMA led national industry-wide efforts to reduce the settlement cycle from T+5 to T+3 in 1995, and from T+3 to T+2 in 2017, on the same day as the U.S. given Canada\u2019s and the U.S.\u2019s highly inter-related capital markets.\u00a0 After a successful transition, CCMA members completed a T+2 Project \u2013 Post-Mortem Report<\/a> (2018), which provides useful guidance for CCMA Advisory Council members working on the T+1 project.\u00a0 The CCMA will post additional information as it becomes available under Resources<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":" The CCMA Board, at its April 2021 meeting, formally approved a new CCMA priority: co-ordinating the Canadian capital markets\u2019 review of shortening the settlement cycle from the current North-American standard of T+2 to T+1 \u2013 the day after a trade is made.\u00a0 Canadian financial services members have been involved in discussions of a reduced settlement […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-74934","post","type-post","status-publish","format-standard","hentry","category-releases"],"acf":[],"_links":{"self":[{"href":"https:\/\/ccma-acmc.ca\/en\/wp-json\/wp\/v2\/posts\/74934","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ccma-acmc.ca\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ccma-acmc.ca\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ccma-acmc.ca\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/ccma-acmc.ca\/en\/wp-json\/wp\/v2\/comments?post=74934"}],"version-history":[{"count":3,"href":"https:\/\/ccma-acmc.ca\/en\/wp-json\/wp\/v2\/posts\/74934\/revisions"}],"predecessor-version":[{"id":74942,"href":"https:\/\/ccma-acmc.ca\/en\/wp-json\/wp\/v2\/posts\/74934\/revisions\/74942"}],"wp:attachment":[{"href":"https:\/\/ccma-acmc.ca\/en\/wp-json\/wp\/v2\/media?parent=74934"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ccma-acmc.ca\/en\/wp-json\/wp\/v2\/categories?post=74934"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ccma-acmc.ca\/en\/wp-json\/wp\/v2\/tags?post=74934"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}