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T+1 - The New Standard Settlement Period
May 31, 2024
TMX Group
Trading, Follow-on Transactions
On May 27th, 2024, T+1 went live in Canada; reducing the Standard Settlement Period for Canadian Capital Markets to 1 business day after the transaction.
The previous settlement period for securities traded in North America was the transaction date (T) plus two business days, commonly referred to as T+2. North American Capital Markets industry players, including TMX CDS agreed to move to a T+1 settlement cycle to better serve market participants.
Learn more about the benefits and impact here.
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