Learn Trading With Investor's Edge

How to place a fixed income trade

Interested in adding bonds, GICs and fixed income investments to your portfolio? We'll guide you through the steps to buy and sell fixed income securities.

CIBC Investor's Edge 2-minute read

Buying fixed income

Step 1

Go to “Trading,” then select “Fixed Income.” You have a few options to buy fixed income based on your search preferences:

For a quick search, select “See quick picks.”
For an advanced search, select “Buy bonds now.”
To find a GIC, select “Buy GICs.”

Step 2

If you’re buying a GIC, select one.

If you’re buying a bond, select a security.

Tips

Not all fixed income securities offered by Investor’s Edge are available online. If you can’t find the specific investment you’re interested in, contact us Opens in a new window..
Select information icons for more details.

Step 3

Complete the required fields on the buy order screen. Select the account you’d like to "Pay from.”

Tip

If you're trading in the US market but choose to pay from the Canadian dollar component of your brokerage account, foreign exchange rates will apply.

Step 4

Before submitting your order, review all purchase details, including the estimated total cost of the trade. Enter your trading password and select "Submit order."

Step 5

Review your order confirmation screen.

Selling fixed income

Step 1

Go to “Trading” and select “Fixed Income,” then choose "Sell GICs and Bonds."

Step 2

Select an account to display your holdings.

Step 3

Choose your security and complete the required fields.

Tips

Some securities may not be available to sell online. For more information, contact us Opens in a new window..

Step 4

Before submitting your order, review all sell order details, including the estimated proceeds. Enter your trading password and select "Submit order."

Tips

Estimated proceeds include the commission.

Planning on making multiple trades? Save your trading password for the current session.

Confirm the status of your order

You’ll receive confirmation that your order was successfully submitted for approval. Go to "Order Status" for more details.

Tips

Select “Trade fill alerts” to subscribe for and receive email notifications once your trade order is filled
The standard settlement periods are:
- Federal Government Bonds (less than 3 years): Transaction date + 2 business days (T+2)
- Federal Government Bonds (more than 3 years): Transaction date + 2 business days (T+2)
- Provincial/Municipal/Corporate bonds: Transaction date + 2 business days (T+2)
- GICs: Transaction date + one business day (T+1)

How to place a fixed income trade

Buying fixed income

Step 1

Step 2

If you’re buying a bond, select a security.

Step 3

Step 4

Step 5

Selling fixed income

Step 1

Step 2

Step 3

Step 4

Confirm the status of your order

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