T+2 Settlement: Canada

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Following the 2008 global financial crisis, the industry increased its focus on reducing risk, achieving greater transparency and improving efficiency in order to testablish a safer market environment.

As a result, markets across the glove have transitioned, or are currently in the process of transitioning, to a T+2 (trade date plus two days) settlement cycle. Many of the European Union (EU) member states, Hong Kong, Australia and New Zealand have already made the transition; the U.S and Canada anticipate migration to T+2 in September 2017.

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