Securities administration - Canada
Income collection
Market Record date (MRD) | Ex-date | Basis for entitlement |
Bonds | ||
Not applicable: bonds trade with interest up to the day before the payment date (PD) | Not applicable | Settlement date |
Physical bonds | ||
Books closed period is two weeks before PD | Not applicable | Settlement date |
Equities | ||
Two to four weeks before PD | Usually the second business day before the dividend record date | Trade date |