A client buys shares on the TSX on a Friday. Equities settle T+1. Fill the two cells: the number of business days from trade to settlement, and the number of calendar days from trade date to settlement date (no holidays that weekend).
A client buys shares on the TSX on a Friday. Equities settle T+1. Fill the two cells: the number of business days from trade to settlement, and the number of calendar days from trade date to settlement date (no holidays that weekend).
Answer
Business days to settlement → 1 · Calendar days to settlement → 3
Cells - Business days to settlement · ±0 - Calendar days to settlement · ±0 T+1 means one BUSINESS day: Friday → Monday. `=WORKDAY(trade_date,1)` returns the Monday; `=settle_date-trade_date` returns 3 calendar days.
CDS Clearing and Depository Services (cds.ca); CDCC (cdcc.ca); OSC NI 24-101 amendments in force 27 May 2024; CCMA T+1 FAQ — observed 2026-09-17