Institutional Trade Matching Toolkit

Institutional Trade Matching Toolkit

The Canadian Securities Administrators (CSA) released the Institutional Trade Matching and Settlement rule, National Instrument (NI) 24-101, on January 12, 2007, to improve institutional trade processing and settlement efficiency. The ultimate goal is to reduce operational, market and credit risks and costs associated with unmatched trades. It requires entities subject to the rule only to open an account (or for existing clients, only to execute a trade) if each trade-matching party has entered into a trade-matching agreement with or provided a trade-matching statement to each other.

For more information on this issue, e-mail capitalmarkets@iiac.ca.

Sample Trade Matching Statement [PDF]

CSA Form 24-101F1 Online Exception Reporting [HTML]

End-of-Quarter USD to CDN Conversion Rate for Exception Reporting Purposes [HTML]

Industry Trade Matching Report Card [HTML]

Reference Documents

Canadian Securities Administrators (CSA) Institutional Trade Matching Rule and Companion Policy [HTML]

CCMA Institutional Trade Processing Best Practices and Standard Data Elements [HTML]

CSA Institutional Trade Matching FAQ – May 2011 [PDF]

Institutional Trade Matching Questions and Answers – 2007-02-09 [PDF]

Institutional Trade Matching Questions and Answers – 2007-03-07 [PDF]

Joint IDA-CDS Notice on Institutional Trade Matching and Settlement Mapping CDS Codes to NI-24-101 – 2007-09-28 [HTML]

Matching Service Utilities [PDF]

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