An institutional agency trader at a Canadian Investment Dealer executes a block trade to purchase 500,000 common shares of a TSX-listed company for a pension fund client on Monday. According to standard settlement cycles tested on the ISE, when does this trade settle?

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Under ISE curriculum standards, Canadian common shares follow a T+2 business day settlement cycle. For a trade executed on a Monday, the transaction is finalized and ownership is transferred on Wednesday.

An institutional agency trader at a Canadian Investment Dealer executes a block trade to purchase 500,000 common shares of a TSX-listed company for a pension fund client on Monday. According to standard settlement cycles tested on the ISE, when does this trade settle?

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