T+2 is live – Almost 67,000 codes aligned!
T+2 is now live in Canada, alongside the U.S., Mexico, Peru, and Bermuda. Fundserv successfully implemented changes to the network over the Labour Day weekend. Almost 67,000 codes adopted the shorter, two-day settlement cycle. No issues were noted following the transition, including the double settlement that occurred on the Thursday following the move.
We would like to thank all of our members who participated in the planning sessions, testing cycles, industry surveys, and committees. You helped ensure a successful move to T+2.
For more information or questions about the move to T+2, please contact T2feedback@fundserv.com.