The financial industry is shortening the settlement cycle process from T+3 to T+2 for most products on September 5, 2017. This move is designed to help mitigate operational and systemic risk in capital markets by reducing margin and liquidity needs during times of economic volatility and lessen credit and counterparty exposure.
CanDeal has made the necessary technology changes to meet the new settlement standards.
CanDeal trading screens will default to T+2 for settlement of all bonds, accommodating the change with the rest of the investment community.
As a user, you will NOT need to do anything on your CanDeal account or profile to prepare for this change, unless you have set your preferences for settlement timing to something other than the default.
Please contact our sales team with any questions.