TSX:LSG.DB - Post by User
Comment by
imstockon Dec 26, 2012 3:15pm
309 Views
Post# 20772610
RE: Down in the US
RE: Down in the US On major exchanges, the last trading day is December 31 unless that day falls on a weekend.
If you're closing a short sale, any loss you have on the closing transaction is treated as if it occurs on the settlement date, not the trade date. That's because delivery is generally the event that closes a short sale. If you need to report a loss from a short sale in the current year, be sure to act early enough so the transaction settles by December 31.
Stock market trades generally settle a few days after the trade date. This is the day shares and cash actually change hands.
So this is why. Theoretically its now over for shorting on the TSX if you wanted it to settle in time for 2012.