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DTC Alert! Change in Funding Accounts for USD payments on Canadian securities, DTC will be changing the funding account from the account held at the Bank of Montreal (BMO) & will transition all payments to either the DTC account held at the Royal Bank of Canada or account at J.P. Morgan Chase.

May 16, 2023 8:35 am by IWB

by Dismal-Jellyfish

Source: https://www.dtcc.com/-/media/Files/pdf/2023/5/15/18526-23.pdf

Is Bank of Montreal (BMO) okay?

 

Tags account, accounts, alert, canada, canadian, change, changing, chase, either, funding, montreal, morgan, payments, securities, transition
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