TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

TURNAROUND PERIOD [1 record]

Record 1 1991-11-14

English

Subject field(s)
  • Stock Exchange
  • Investment
CONT

The end date of the turnaround period is 45 calendar days after the settlement date of the original transaction. The original transaction occurred on September 1. Trades made on September 1 are for settlement on September 9 (Sept. 5 is a holiday). Forty-five calendar days after September 9 is October 24. ... Therefore to be eligible for the turnaround reduction the closing transaction can occur from September 1 up to and including October 24.

French

Domaine(s)
  • Bourse
  • Investissements et placements
CONT

Le délai «aller-retour» expire 45 jours civils après la date de règlement de l'opération initiale qui a été effectuée le 1er septembre. La date de règlement des opérations effectuées le 1er septembre est le 9 septembre (le 5 septembre étant un jour férié). Le délai «aller-retour» (de 45 jours civils à compter du 9 septembre) expire le 24 octobre. (...) Ainsi, pour pouvoir bénéficier d'une réduction de courtage sur les opérations «aller-retour», l'opération liquidative doit être effectuée entre le 1er septembre et le 24 octobre inclusivement.

Spanish

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