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How to Place a Trade

How Do You Settle Trades ?


You can quickly and easily make deposits to fund your trade through

TD Waterhouse
or any TD branch. Different kinds of investments have different settlement dates and it is important to make sure that funds for securities you buy are in you
TD Waterhouse
account in time.

When Buying

You have several convenient choices for depositing funds into you

TD Waterhouse
account:
  • Through EasyWeb, you can transfer funds from your
    TD Canada Trust
    account to your
    TD Waterhouse
    account.
  • You can make your deposit at any
    TD Canada Trust
    Branch, which will forward it on your behalf to your
    TD Waterhouse
    account.

When Selling

Please make sure the securities or stock certificates, in negotiable form, you wish to sell are in your

TD Waterhouse
account or delivered to a
TD Waterhouse
branch prior to placing your order to sell. Click here for suggestions on how to forward negotiable certificates safely.

Free Safekeeping

TD Waterhouse
provides free safekeeping on all securities, except gold and silver certificates. For your convenience, we recommend your securities remain in our
TD Waterhouse
account at all times. That way, you will not have to monitor delivery deadlines and make repeated trips to a safety deposit box.

Convenient deposit of securities

If your securities or certificates are not already in your

TD Waterhouse
account, you may forward them through any
TD Canada Trust
branch free of charge. You may also forward securities and certificates by mail. For additional security, we encourage you to use either registered or certified mail.

Settlement dates for different Investments

Please make sure that funds for securities you buy are in your

TD Waterhouse
account by the following dates.

Settlement Dates

INVESTMENTFOLLOWING THE DAY OF TRANSACTION, SETTLE BY:
Canadian and U.S. Equities3rd business day
Foreign Equitiesvaries, depending on market
Mutual Funds3rd business day, except money market
Mutual Funds- Money Market Mutual Fundssettle on next business day(same fund family "switch orders" settle same day)
Short-term Bonds(3 years or less)2nd business day
Long-term Bonds(over 3 years)3rd business day
Mortgage-backed Securities3rd business day
Money market Instrumentssame day
Canadian and U.S. Optionsnext business day
Strip Coupons (under 1.5 years)2nd business day
Strip Coupons(over 1.5 years)3rd business day
U.S. Treasury Bondsnext business day
Eurobonds3rd business day
Gold and Silver Certificates2nd business day


TD Waterhouse
is required by industry regulations to close out trades that are not settled promptly. Any losses resulting from these "buy-ins" or "sell-outs" are the investor's responsibility. Securities purchased on margin require sufficient excess margin prior to entering the trade.