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T+1 Settlement effective May 27, 2024

T+1 Settlement effective May 27, 2024

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In May 2024, North American capital markets will shorten the standard settlement cycle for most trades in securities from two days after the date of the trade (T+2) to one day after the date of the trade (T+1). The expected benefit of a shortened settlement cycle is to reduce counterparty risk and increase overall market efficiency. The first day of T+1 trading in Canada will be Monday, May 27, 2024.

Marquest Asset Management Inc. has been actively preparing for the transition to T+1. Along with working with various industry working groups, we expect to be fully equipped to manage the T+1 transition.

For those interested in more information on the reasons for the change and expected impacts, as well as current industry thinking, we refer you to the following resources:

  • The Canadian Capital Markets Association who is responsible for coordinating the T+1 transition for the Canadian financial markets. https://ccma-acmc.ca/en/

If you have any questions, please contact Marquest Client Services team at clientservices@marquest.ca or 1.888.964.3533.

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