4760. When issued trading

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    1. Unless otherwise provided by IIROC or the parties to the trade agree otherwise:

      1. all when issued trades made before the trading day before the anticipated date of issue of the security must be settled on the anticipated date of issue of such security,

      2. all when issued trades made on or after the trading day before the anticipated date of issue of the security must be settled on the second settlement day after the trade date, and

      3. if the security has not been issued on the settlement date in clause 4760(1)(i) or 4760(1)(ii), such trades must be settled on the date that the security is actually issued.

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