The amendments are intended to ensure the transition to the T+2 settlement cycle takes place on Sept. 5 and is harmonized with the U.S.
The transition to a shorter settlement cycle is consistent with the U.S.
T+2 brings the cycle in line with other global markets
Proposal shortens settlement cycle from three business days to two
A shorter cycle is expected to mitigate risk in securities clearing and settlement
Revisions simplify standards and improve consistency
Canada to adopt T+2 settlement on Sept. 5, 2017
A new report details the central bank’s oversight of financial market infrastructure entities
Moving to a two-day settlement cycle i will depend on regulators amending rules
Raising the amount to $500 million from $150 million aims to encourage market participants to trade at levels closer to the target rate