T+1 Resources: Empowering your next step
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October 2023
CIBC Mellon is pleased to provide the following T+1 resources designed to equip institutional investors with the tools and insights needed for informed decisions leading up to May 2024.
Our organization continues to play an active role in the readiness and consultations taking place across the industry leading up to the implementation. On top of creating a project team to assess the operational impacts of T+1, CIBC Mellon employees actively participate in various T+1 working groups with key industry stakeholders, including the Canadian Capital Markets Association (CCMA), Investment Funds Institute of Canada (IFIC), and the Canadian ETF Association, in order to stay at the forefront of regulatory and industry changes. In establishing a comprehensive team of knowledgeable professionals, we can not only ensure our readiness but ensure we are supporting clients through this transition by means of providing localized insights.
We will continue to provide clients with updates as they relate to T+1 settlement in Canada and CIBC Mellon’s supportive efforts.
Resources from our Global Enterprise:
It’s Time to Settle: Preparing for T+1 Settlement in Canada and Globally
Securities Lending in a T+1 World
T+1 Implementation Date: The U.S. Securities and Exchange Commission Sets May 28, 2024
An Update on T+1 Settlement Efforts: Canadian Outlook and Considerations
Industry Insights:
CCMA’s Monthly Newsletter “Time to Talk T+1”
Canadian Depository for Securities: Migrating to T+1
TheValueExchange and Global Custodian’s T+1 Industry Issues Forum
Connect
Contributors
Lou Lesnika
Director, Product, CIBC Mellon
Richard Anton
Chief Operations Officer, CIBC Mellon
This article is provided for general information purposes only and CIBC Mellon and its affiliates make no representations or warranties as to its accuracy or completeness, nor do any of them take any responsibility for third parties to which reference may be made. This article should not be regarded as legal, accounting, investment, financial or other professional advice nor is it intended for such use.
About CIBC Mellon
CIBC Mellon is a Canadian company exclusively focused on the investment servicing needs of Canadian institutional investors and international institutional investors into Canada. Founded in 1996, CIBC Mellon is 50-50 jointly owned by The Bank of New York Mellon (BNY) and Canadian Imperial Bank of Commerce (CIBC). CIBC Mellon's investment servicing solutions for institutions and corporations are provided in close collaboration with our parent companies, and include custody, multicurrency accounting, fund administration, recordkeeping, pension services, exchange-traded fund services, securities lending services, foreign exchange processing and settlement, and treasury services.
As at September 30, 2024, CIBC Mellon had more than C$2.9 trillion of assets under administration on behalf of banks, pension funds, investment funds, corporations, governments, insurance companies, foreign insurance trusts, foundations and global financial institutions whose clients invest in Canada. CIBC Mellon is part of the BNY network, which as at September 30, 2024 had US$52.1 trillion in assets under custody and/or administration. CIBC Mellon is a licensed user of the CIBC trade-mark and certain BNY trade-marks, and is the corporate brand of CIBC Mellon Trust Company.
For more information – including CIBC Mellon's latest knowledge leadership on issues relevant to institutional investors active in Canada – visit www.cibcmellon.com