How to Place a Bond Trade

Introduction


CIBC Investors Edge offers a wide array of fixed income investments, including government and corporate bonds, money market instruments, strip bonds, mortgage-backed securities and foreign bonds, among others.

To place a fixed income trade, select Trading from the left-hand menu and then select one of the following:

  • Fixed Income Quick Picks to complete a quick search of fixed income inventory.
  • Buy Bonds to complete a more advanced search of fixed income inventory.


NOTE:
Not all fixed income securities offered by CIBC Investor's Edge are available online. If you would like to purchase a specific fixed income product that you cannot find online, please contact a CIBC Investor's Edge Investment Representative.

How to Place a Bond Trade - Introduction

Bond Search


If you select Fixed Income Quick Picks, you can search inventory by bond type and years to maturity (e.g., 1 to 2 years, Government of Canada bonds).

If you select Buy Bonds, you can complete a more advanced search of inventory using a variety of filters, including:

  • Fixed Income Type: Choose from a variety of security types, including Bonds, Money Market and Strips Bonds.
  • Face Value: Indicate the value of the bond that you want to purchase.
  • Term Range: Choose the time period that you want to invest for.
  • Yield Range (optional): Select your desired yield to maturity range from the drop-down menu.


You can further filter your results using advanced search options.

How to Place a Bond Trade - Bond Search

Any bonds that match your search criteria will be displayed on the Bond Search Results page. Click on the Buy link next to the bond that you wish to purchase. You will automatically be directed to the Buy Bond page.

How to Place a Bond Trade - Bond Search Results

Step 1


The bond you selected on the Bond Search Results page will automatically populate with some basic information about the bond, including price, maturity date, and estimated cost of the trade.

  • You can change the face value amount by entering a new amount and clicking on the Update Order button.
  • You can also enter a specific dollar amount that you want to spend.


Once you have completed your order and reviewed all of your entries, click Next.

How to Place a Bond Trade - Step 1

Step 2
 

1. Before submitting your order for processing, you can review all of the purchase details, including an estimate of the total cost of the trade.


2. Once you have confirmed your order details, enter your trading password and select Submit Order.

  • You can save your trading password for the current session if you are planning on making multiple trades.
How to Place a Bond Trade - Step 2

Step 3


After submitting your order, you will receive confirmation that your order was successfully submitted, along with an order tracking number for your reference. You may wish to print this page for your records.

  • You should also verify the status of your order on the Order Status page.


Below you will find a breakdown of the settlement dates for different bond types:

Product Settlement Date
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 + 1 business day (T+1)
How to Place a Bond Trade - Step 3

Order Status


You can view your recent orders, including orders submitted today. Additional details are also available for any orders that have been rejected or filled.

Other Resources


You can also buy bonds, including specialty bonds such as foreign instruments, by contacting a CIBC Investor's Edge Investment Representative.