Q: Just sold BCE this morning (Nov 08/24). Please confirm the earliest date I can rebuy, should I decide to get back in? I get a bit confused due to the weekend impact on Date of Record, which would impact the minimum 30 day CRA requirement.
I assume the DOR for selling would be Monday Nov 11/24. Therefore, use 19 November days + 11 December days => DOR for buying would be Dec 11/24. This would mean that I could consider rebuying on Dec 10/24.
Am I correct? Thanks for your help....Steve
I assume the DOR for selling would be Monday Nov 11/24. Therefore, use 19 November days + 11 December days => DOR for buying would be Dec 11/24. This would mean that I could consider rebuying on Dec 10/24.
Am I correct? Thanks for your help....Steve
5i Research Answer:
The CRA in its rule states 'calendar days' with no reference to settlement date, date of record or trade date. We typically have advised using settlement dates, and we agree with the interpretation in the question.