SURVEY: TRANSITIONING TO T+1

The Canadian Capital Markets Association (CCMA) is conducting a second survey on the status of preparations for transitioning to T+1.

Please complete and submit this short (3-5 minute) survey to the CCMA by noon on Monday, July 17, 2023.

The purpose of the survey is to:

  • Measure progress on the T+1 initiative and provide a benchmark for the remaining route to T+1.
  • Give industry players a sense of where they stand compared to competitors.
  • Help plan the CCMA's efforts for the remainder of 2023 and into 2024.

Please ONLY reply to the survey if you are a participant or client using a participant in the securities clearing and settlement framework (e.g., broker-dealer/sell side, asset, or portfolio manager or adviser/buyside, custodian, or infrastructure/service provider/vendor) by selecting the link below that best applies to your firm:

  • Buyside – Your responsibility is to confirm at least 90% of allocated trades by 3:59 a.m. ET on T+1 (pending regulatory approval) and to ensure securities or funds are ready to settle by 4 p.m. on T+1.
  • Sell side – Your responsibility is to report 100% of trades including all allocations by 7:30 p.m. on T (trade date), and to ensure securities or funds are ready to settle by 4 p.m. on T+1.
  • Custodians – Your responsibility is to facilitate confirmation of at least 90% of allocated trades by 3:59 a.m. on T+1 and to ensure securities or funds are ready to settle by 4 p.m. on T+1.
  • Service bureaus/providers, vendors, marketplaces, CDS, and Fundserv – Your participants/clients expect you to facilitate the industry's transition to T+1 by having the necessary systems changes implemented in sufficient time to start testing in the earliest testing cycle.

Individual responses will be kept strictly confidential and only overall results will be communicated to the industry.

If you are unable to access SurveyMonkey, please contact [email protected].

Also of interest: 

CCMA T+1 Technical Readiness Update (June 2023) (ccma-acmc.ca)

‘Find a Buddy’ Time for T+1 Industry Testing - Markets Media

Banks, asset managers look to vendors for T+1 support - WatersTechnology.com